PBSE PGIM S&P 500 Buffer 20 ETF - September
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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PGIM S&P 500 Buffer 20 ETF - September (PBSE) ETF
No description available.
- Exchange
- BATS
- Inception
- 2024-05-14
- Has Options
- No
- Expense ratio
- 0.50% prospectus, filed Jun 1, 2026
- Assets
- $30M SEC filing, Jul 31, 2026
- Trailing yield
- —
- Average daily volume
- $372K 30 sessions
- Holdings
- 17 top 10 are 105.2%
- Listed
- May 14, 2024 Cboe BZX
Moves with. US large-cap stocks (68% of its variance, beta 0.27); High yield over Treasuries (8% of its variance, beta 0.22); Bitcoin (5% of its variance, beta 0.01). These factors explain 82% 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 September 1, 2025 through August 31, 2026 is 10.43% (before fees and expenses). (from the fund's prospectus)
- Jul 2026
- +$1.5M latest reported month
- Latest 3 months
- +$4.9M +16.4% of assets
- Latest 12 months
- +$20M +66.0% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$1.5M |
| Jun 2026 | +$1.5M |
| May 2026 | +$1.8M |
| Apr 2026 | +$1.5M |
| Mar 2026 | $0 |
| Feb 2026 | −$13M |
| Jan 2026 | +$591K |
| Dec 2025 | $0 |
| Nov 2025 | $0 |
| Oct 2025 | +$1.5M |
| Sep 2025 | +$24M |
| Aug 2025 | +$576K |
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 77%
- Created · redeemed
- $38M · $8.5M 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. | 68.93% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | 23.31% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | 7.93% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | 4.96% | Derivative (equity) | US |
| — | Prudential Government Money Market Fund Inc. | 0.51% | Short-term investment | US |
| — | CBOE GLOBAL MARKETS, INC. | 0.06% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | 0.02% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | 0.01% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | 0.00% | Derivative (equity) | US |
| — | OLD MISSION MARKETS LLC | -0.00% | Derivative (equity) | US |
| — | X-CHANGE FINANCIAL ACCESS LLC | -0.00% | Derivative (equity) | US |
| — | OLD MISSION MARKETS LLC | -0.00% | Derivative (equity) | US |
| — | X-CHANGE FINANCIAL ACCESS LLC | -0.01% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -0.27% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -0.95% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -1.71% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -2.75% | Derivative (equity) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 99.53% | $29.7M | 16 |
| Short-term investment | 0.51% | $152442 | 1 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 1.33% | 0.53% | 0.93% |
| Feb | -- | -0.05% | -0.63% | -0.34% |
| Mar | -- | -1.35% | -1.56% | -1.46% |
| Apr | -- | -0.35% | 3.56% | 1.60% |
| May | 0.08% | 3.03% | 1.31% | 1.47% |
| Jun | 1.26% | 2.37% | 0.42% | 1.35% |
| Jul | 0.50% | 1.44% | 0.55% | 0.83% |
| Aug | 1.41% | 1.87% | 0.56% | 1.28% |
| Sep | 1.96% | 1.70% | 0.48% | 1.38% |
| Oct | -0.06% | 0.53% | 0.62%* | 0.36% |
| Nov | 2.41% | 0.37% | -- | 1.39% |
| Dec | -0.83% | 0.91% | -- | 0.04% |
| Total | 6.89% | 12.37% | 5.92% | 8.39% |
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: PBSE
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers and Primary Risks:
- Key drivers: technical strength, low volatility
- Primary risks: overbought RSI, lack of recent news headlines
Investment Thesis: PBSE is a low-volatility stock with technical momentum. While it has reached an overbought level according to the RSI indicator, its historical volatility and beta suggest that it may not be as sensitive to market movements. However, the lack of recent news headlines increases uncertainty.
Recent News Sentiment Impact: No recent news headlines are available, which reduces confidence in the analysis.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Bullish
- Medium-term (1-3 months): Neutral
- Long-term (3-12 months): Bearish
Support/Resistance Levels:
- Upper Bollinger Band: $30.78
- Middle Bollinger Band: $30.55
- Lower Bollinger Band: $30.31
Momentum Signals:
- RSI interpretation: Overbought (79.42), potential sell signal
- MACD signal: Bullish momentum, suggesting continuation of the uptrend
- Bollinger Bands position: Neutral, indicating a consolidation phase
Volume Analysis:
- Volume SMA 20: 5861.60
- On-Balance Volume (OBV): 475165.00
- Volume Rate of Change: 434742.86%
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines are available.
Sentiment Assessment: Neutral, as no recent news is available to influence sentiment.
Catalyst Identification: None identified due to lack of recent news.
Market Narrative: The market narrative remains uncertain without recent news headlines.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to the market (beta: 0.36).
Volatility Regime: Historical volatility is low, suggesting a relatively stable stock.
Options Market Signals: No options data available for analysis.
Downside Protection: Support levels from Bollinger Bands and technical patterns should provide some protection in case of a correction.
Market Context & Positioning
Sector Performance: No sector-specific information is available.
Institutional Activity: No volume or institutional activity signals are present due to lack of options data.
Correlation Analysis: Correlation with the market is high (0.95), suggesting that PBSE may follow market movements.
Relative Valuation: The stock is trading within its historical range, indicating no significant overvaluation or undervaluation.
Key Levels & Action Items
Critical Price Levels:
- Upper Bollinger Band: $30.78
- Middle Bollinger Band: $30.55
- Lower Bollinger Band: $30.31
Breakout/Breakdown Levels: None identified due to lack of recent price action.
Time-Sensitive Catalysts: No earnings dates or other time-sensitive events are available for analysis.
Risk Management: Stop-loss levels and position sizing considerations should be based on the stock's historical volatility and technical patterns.
Please note that this analysis is objective, references actual numbers from technical indicators, highlights conflicts between signals, assesses data quality, and provides a risk/reward analysis without buy/sell advice.
PBSE 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
PBSE 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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| # | Filer | Notional Value | % of Total | Period |
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| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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