PBNV PGIM S&P 500 Buffer 20 ETF - November
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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PGIM S&P 500 Buffer 20 ETF - November (PBNV) ETF
No description available.
- Exchange
- BATS
- Inception
- 2024-05-21
- Has Options
- No
- Expense ratio
- 0.50% prospectus, filed Jun 1, 2026
- Assets
- $34M SEC filing, Jul 31, 2026
- Trailing yield
- —
- Average daily volume
- $115K 30 sessions
- Holdings
- 9 top 10 are 101.9%
- Listed
- May 21, 2024 Cboe BZX
- Reference asset
- SPY period ends Oct 30, 2026 (8 days)
- Cap, full period
- 11.5% before fees
- Buffer, full period
- 20.0% first losses absorbed
- Reference since start
- +13.3% $773.09 on Oct 21, 2026
- Upside left to the cap
- 0.0% for a buyer today
- Drop before the buffer starts
- 11.8% unprotected from here
Moves with. US large-cap stocks (83% of its variance, beta 0.38); High yield over Treasuries (4% of its variance, beta 0.13). These factors explain 87% of its daily moves over the last year.
Stated objective. The Funds investment objective is to provide investors with returns that match the price return of the State Street SPDR S&P 500 ETF Trust up to a predetermined upside cap while providing a downside buffer against the first 20% (before fees and expenses) of the State Street SPDR S&P 500 ETF Trusts losses over the one-year Target Outcome Period. In seeking to achieve this investment objective, the Funds upside cap over the period November 1, 2025 through October 31, 2026 is 11.47% (before fees and expenses). (from the fund's prospectus)
- Jul 2026
- +$1.6M latest reported month
- Latest 3 months
- +$4.6M +13.5% of assets
- Latest 12 months
- +$23M +66.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$1.6M |
| Jun 2026 | +$1.8M |
| May 2026 | +$1.2M |
| Apr 2026 | +$2.1M |
| Mar 2026 | +$579K |
| Feb 2026 | +$296K |
| Jan 2026 | +$886K |
| Dec 2025 | +$1.2M |
| Nov 2025 | +$12M |
| Oct 2025 | +$584K |
| Sep 2025 | +$288K |
| Aug 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 27 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BUFRFT Vest Laddered Buffer ETF | — | 0.95% | $10.9B | +12.7% | compare |
| BALTInnovator Defined Wealth Shield ETF | — | 0.69% | $3.2B | +6.7% | compare |
| BUFDFT Vest Laddered Deep Buffer ETF | — | 0.95% | $2.2B | +10.4% | compare |
| BUFQFT Vest Laddered Nasdaq Buffer ETF | — | 1.00% | $1.7B | +14.8% | compare |
| FJANFT Vest U.S. Equity Buffer ETF - January | — | 0.85% | $1.5B | +13.4% | compare |
The largest other funds in the Buffer category.
- Authorized participants
- 5 active of 8 with agreements; top 3 did 96%
- Created · redeemed
- $20M · $10M over the fiscal year
- Redemptions in kind
- 100% creations 0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | CBOE GLOBAL MARKETS, INC. | 81.84% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | 19.17% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | 0.75% | Derivative (equity) | US |
| — | Prudential Government Money Market Fund Inc. | 0.65% | Short-term investment | US |
| — | CBOE GLOBAL MARKETS, INC. | 0.18% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -0.04% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -0.15% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -0.45% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -1.90% | Derivative (equity) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 99.39% | $34.1M | 8 |
| Short-term investment | 0.65% | $222633 | 1 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 1.40% | 0.70% | 1.05% |
| Feb | -- | -0.00% | -0.90% | -0.45% |
| Mar | -- | -1.51% | -2.23% | -1.87% |
| Apr | -- | -0.21% | 4.52% | 2.15% |
| May | -0.04% | 2.74% | 1.86% | 1.52% |
| Jun | 1.45% | 2.33% | 0.11% | 1.30% |
| Jul | 0.54% | 1.15% | 0.35% | 0.68% |
| Aug | 1.78% | 1.68% | 1.04% | 1.50% |
| Sep | 1.62% | 1.33% | 0.80% | 1.25% |
| Oct | 1.20% | 0.59% | 0.78%* | 0.86% |
| Nov | 2.15% | 0.24% | -- | 1.19% |
| Dec | -0.63% | 0.82% | -- | 0.09% |
| Total | 8.33% | 11.00% | 7.11% | 8.81% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: PBNV
Executive Summary
Overall assessment: NEUTRAL (Confidence level: 6/10)
Key drivers:
- Strong technical momentum signals (MACD, ADX) indicate a strong trend in place.
- Volatility is low relative to the market, indicating reduced risk.
Primary risks:
- Overbought conditions on RSI and Stochastic Oscillators may lead to a potential pullback or correction.
- No recent news headlines available, which could impact sentiment and future price movements.
Investment thesis: PBNV's strong technical momentum and low volatility suggest a stable investment opportunity. However, the overbought conditions on some oscillators warrant caution and monitoring for potential reversals.
Recent news sentiment impact: Neutral (no recent news headlines available)
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Bullish, Medium-term (1-3 months): Bullish, Long-term (3-12 months): Bullish
Support/Resistance Levels: Key price levels:
- Lower Bollinger Band: $30.24
- Middle Line: $30.58
- Upper Bollinger Band: $30.92
Momentum Signals: RSI interpretation: Overbought (>70) - potential sell signal. MACD signal: Bullish (above signal line). Bollinger Bands position: Neutral.
Volume Analysis: Volume trends:
- Volume SMA 20: 3705.85
- On-Balance Volume (OBV): 1229136.00
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines available.
Sentiment Assessment: Neutral (no recent news headlines).
Catalyst Identification: No upcoming events or earnings announcements scheduled.
Market Narrative: Neutral - no recent market-moving news available.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to the market (beta: 0.40).
Volatility Regime: Low volatility regime in place.
Options Market Signals: No options data available.
Downside Protection: Support levels and risk management considerations:
- Lower Bollinger Band: $30.24
- Middle Line: $30.58
Market Context & Positioning
Sector Performance: No sector-specific data available.
Institutional Activity: No volume patterns suggesting institutional interest.
Correlation Analysis: PBNV moves relatively strongly with the market (R-squared interpretation).
Relative Valuation: Neutral - positioned within a trading range.
Key Levels & Action Items
- Critical Price Levels: Support/resistance levels outlined above.
- Breakout/Breakdown Levels: Not applicable (no recent price movements).
- Time-Sensitive Catalysts: No upcoming events or earnings announcements scheduled.
- Risk Management: Monitor for potential pullbacks or corrections, with stop-loss levels set around the Lower Bollinger Band ($30.24).
Analysis Guidelines
Data Interpretation:
- RSI: >70 overbought (potential sell signal).
- MACD: Crossover above signal line = bullish momentum.
- Moving Averages: Price above MA = uptrend.
News Impact Assessment:
- Positive News: No recent news headlines available.
- Negative News: No recent news headlines available.
- Neutral News: No recent news headlines available.
- Catalyst Timeline: Immediate (1-7 days): No catalysts scheduled.
Risk Assessment Criteria:
- High Risk: Not applicable.
- Medium Risk: Not applicable.
- Low Risk: Beta 0.40, low volatility.
Output Format Requirements
Objectivity: Presented both bullish and bearish cases.
Data Quality Flags:
- Flag when key data sources are missing (no recent news headlines).
- Note unusual technical readings that may indicate data issues (none).
Quantify Confidence: Rated analysis confidence based on data quality and signal clarity: 6/10.
PBNV Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
PBNV Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
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