PGIM Portfolio Ballast ETF (BATS:PBL – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,070 shares, an increase of 72.3% from the July 15th total of 621 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 339 shares, the days-to-cover ratio is currently 3.2 days.
PGIM Portfolio Ballast ETF Stock Performance
PBL stock opened at $34.15 on Monday. The company has a fifty day moving average of $33.23 and a 200-day moving average of $32.07. PGIM Portfolio Ballast ETF has a one year low of $29.56 and a one year high of $34.37.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC purchased a new stake in PGIM Portfolio Ballast ETF in the 4th quarter valued at approximately $1,863,000. Cary Street Partners Financial LLC raised its stake in shares of PGIM Portfolio Ballast ETF by 4.6% during the 4th 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of PGIM Portfolio Ballast ETF during the 2nd quarter worth approximately $530,000. Wolverine Trading LLC purchased a new position in shares of PGIM Portfolio Ballast ETF during the 3rd quarter worth approximately $538,000. Finally, Osaic Holdings Inc. acquired a new stake in shares of PGIM Portfolio Ballast ETF in the 4th quarter valued at approximately $244,000.
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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