Institutional Investors Increase Stakes in PGIM S&P 500 Buffer 20 ETF
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What happened
Multiple institutional investors recently increased their stakes in the PGIM S&P 500 Buffer 20 ETF. For example, Kintra Wealth LLC raised its position by 81.0% during the second quarter, while Cetera Investment Advisers increased its stake by 31.8% in the first quarter. Separately, the ETF saw short interest grow by 122.2% between September 30 and October 15.
From tickerreport.com
Why it matters
The increased institutional buying could boost the assets under management for PGIM. This activity is occurring alongside a significant rise in short interest for the ETF.
From tickerreport.com
Who's involved
- PGIMManages the PGIM S&P 500 Buffer 20 ETF
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The entities involved
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PGIM
American Investment Management firm