PGIM S&P 500 Buffer 12 ETF – November (BATS:NOVP) Sees Significant Increase in Short Interest

PGIM S&P 500 Buffer 12 ETF – November (BATS:NOVPGet Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 22,369 shares, a growth of 1,237.1% from the August 15th total of 1,673 shares. Currently, 11.8% of the shares of the company are short sold. Based on an average trading volume of 4,773 shares, the days-to-cover ratio is currently 4.7 days.

PGIM S&P 500 Buffer 12 ETF – November Stock Down 0.4%

NOVP stock traded down $0.13 on Thursday, hitting $33.16. The company’s stock had a trading volume of 39 shares, compared to its average volume of 4,616. The firm has a 50 day moving average of $33.00 and a two-hundred day moving average of $31.88. PGIM S&P 500 Buffer 12 ETF – November has a 1 year low of $29.08 and a 1 year high of $33.55.

Institutional Investors Weigh In On PGIM S&P 500 Buffer 12 ETF – November

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of PGIM S&P 500 Buffer 12 ETF – November by 88.5% in the fourth quarter. Royal Bank of Canada now owns 7,264 shares of the company’s stock valued at $221,000 after buying an additional 3,410 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in PGIM S&P 500 Buffer 12 ETF – November in the 4th quarter valued at about $391,000. Maltin Wealth Management Inc. acquired a new position in PGIM S&P 500 Buffer 12 ETF – November in the 1st quarter valued at about $495,000. Kestra Advisory Services LLC purchased a new stake in PGIM S&P 500 Buffer 12 ETF – November during the 4th quarter valued at approximately $668,000. Finally, Commonwealth Equity Services LLC raised its stake in PGIM S&P 500 Buffer 12 ETF – November by 199.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 35,162 shares of the company’s stock valued at $1,070,000 after acquiring an additional 23,415 shares during the last quarter.

About PGIM S&P 500 Buffer 12 ETF – November

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The PGIM S&P 500 Buffer 12 ETF – November (NOVP) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF Trust over a specific holdings period. The actively managed fund holds options and collateral. NOVP was launched on May 21, 2024 and is issued by PGIM.

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