PGIM Portfolio Ballast ETF (BATS:PBL – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,293 shares, an increase of 602.7% from the May 31st total of 184 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 6,813 shares, the short-interest ratio is currently 0.2 days.
PGIM Portfolio Ballast ETF Price Performance
PBL opened at $32.63 on Friday. The company’s 50 day simple moving average is $32.67 and its two-hundred day simple moving average is $31.56. PGIM Portfolio Ballast ETF has a 1-year low of $29.07 and a 1-year high of $33.54.
Hedge Funds Weigh In On PGIM Portfolio Ballast ETF
A number of institutional investors have recently added to or reduced their stakes in the stock. Cary Street Partners Financial LLC boosted its stake in PGIM Portfolio Ballast ETF by 4.6% during the fourth quarter. Cary Street Partners Financial LLC now owns 1,232,149 shares of the company’s stock worth $38,073,000 after buying an additional 53,804 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of PGIM Portfolio Ballast ETF in the 4th quarter worth $1,863,000. Royal Bank of Canada raised its holdings in shares of PGIM Portfolio Ballast ETF by 45.0% during the 1st quarter. Royal Bank of Canada now owns 22,510 shares of the company’s stock worth $675,000 after acquiring an additional 6,982 shares during the period. Wolverine Trading LLC purchased a new position in shares of PGIM Portfolio Ballast ETF during the 3rd quarter worth $538,000. Finally, Jane Street Group LLC acquired a new position in shares of PGIM Portfolio Ballast ETF during the 2nd quarter valued at about $530,000.
PGIM Portfolio Ballast ETF Company Profile
The PGIM Portfolio Ballast ETF (PBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a portfolio of derivatives, toggling exposure between US large-cap equities and US Treasuries. The fund aims to provide long-term capital growth while limiting downside losses PBL was launched on Dec 12, 2022 and is managed by PGIM.
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