PQJA PGIM Nasdaq-100 Buffer 12 ETF - January
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PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2024-12-27
- Has Options
- No
- Expense ratio
- 0.50% prospectus, filed Apr 1, 2026
- Assets
- $34M shares × price, Oct 9, 2026
- Trailing yield
- 0.01% paid annual
- Average daily volume
- $72K 30 sessions
- Holdings
- 9 top 10 are 105.3%
- Listed
- Dec 27, 2024 Nasdaq
- Reference asset
- QQQ period ends Dec 31, 2026 (82 days)
- Cap, full period
- 16.9% before fees
- Buffer, full period
- 12.0% first losses absorbed
- Reference since start
- +22.3% $751.27 on Oct 9, 2026
- Upside left to the cap
- 0.0% for a buyer today
- Drop before the buffer starts
- 18.2% unprotected from here
Moves with. US large-cap stocks (62% of its variance, beta 0.46); Value over growth (16% of its variance, beta -0.13); High yield over Treasuries (5% of its variance, beta 0.26). These factors explain 88% 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 Invesco QQQ Trust?, Series 1 up to a predetermined upside cap while providing a downside buffer against the first 12% (before fees and expenses) of the Invesco QQQ Trust?, Series 1 losses over the one-year Target Outcome Period. In seeking to achieve this investment objective, the Funds upside cap over the period January 1, 2026 through December 31, 2026 is 16.90% (before fees and expenses). (from the fund's prospectus)
- Jul 2026
- +$3.1M latest reported month
- Latest 3 months
- +$3.5M +11.9% of assets
- Latest 12 months
- +$22M +76.0% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$3.1M |
| Jun 2026 | +$2.2M |
| May 2026 | −$1.9M |
| Apr 2026 | −$3.2M |
| Mar 2026 | +$863K |
| Feb 2026 | +$4.6M |
| Jan 2026 | +$11M |
| Dec 2025 | +$3.0M |
| Nov 2025 | +$1.4M |
| Oct 2025 | +$286K |
| Sep 2025 | +$280K |
| Aug 2025 | +$274K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 21 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BUFRFT Vest Laddered Buffer ETF | — | 0.95% | $10.9B | +13.2% | compare |
| BALTInnovator Defined Wealth Shield ETF | — | 0.69% | $3.0B | +6.8% | compare |
| BUFDFT Vest Laddered Deep Buffer ETF | — | 0.95% | $2.2B | +10.5% | compare |
| BUFQFT Vest Laddered Nasdaq Buffer ETF | — | 1.00% | $1.7B | +16.7% | compare |
| FJANFT Vest U.S. Equity Buffer ETF - January | — | 0.85% | $1.5B | +13.8% | compare |
The largest other funds in the Buffer category.
- Authorized participants
- 3 active of 3 with agreements; top 3 did 100%
- Created · redeemed
- $3.6M · $254K over the fiscal year
- Redemptions in kind
- 0% 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.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-30 | 2026-01-02 | $0.0015 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | CBOE GLOBAL MARKETS, INC. | 97.95% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | 6.53% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | 1.13% | Derivative (equity) | US |
| — | (PIPA070) PGIM Core Government Money Market Fund | 0.96% | Short-term investment | US |
| — | CBOE GLOBAL MARKETS, INC. | 0.08% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -0.04% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -0.04% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -3.06% | Derivative (equity) | US |
| — | CBOE GLOBAL MARKETS, INC. | -3.46% | Derivative (equity) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 99.34% | $29.0M | 8 |
| Short-term investment | 0.70% | $204158 | 1 |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | 1.76% | 0.65% | 1.21% |
| Feb | -0.74% | -1.49% | -1.11% |
| Mar | -2.97% | -2.75% | -2.86% |
| Apr | 0.46% | 7.62% | 4.04% |
| May | 5.09% | 3.04% | 4.06% |
| Jun | 3.47% | -0.14% | 1.67% |
| Jul | 2.20% | -0.77% | 0.72% |
| Aug | 2.02% | 1.91% | 1.96% |
| Sep | 3.09% | 2.05% | 2.57% |
| Oct | 1.50% | 0.62%* | 1.06% |
| Nov | 1.13% | -- | 1.13% |
| Dec | 1.65% | -- | 1.65% |
| Total | 20.07% | 10.87% | 15.47% |
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
Executive Summary
Overall assessment: NEUTRAL (6/10) with key drivers being technical signals, market context, and recent news sentiment.
Key drivers:
- Technical indicators suggest a strong uptrend, but RSI is overbought (>70)
- Market context shows the stock trading within a narrow range relative to its sector
- Recent news headlines are neutral, with no significant catalysts or events
Primary risks:
- Overbought RSI indicating potential sell signal
- Lack of clear catalysts for continued upside movement
Investment thesis: PQJA is likely to consolidate within its current trading range, with a bias towards further upside movement if technical signals improve and market context shifts.
Recent news sentiment impact: Neutral, with no recent news available or significant market commentary that would influence the analysis.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Uptrend; Medium-term (1-3 months): Consolidation; Long-term (3-12 months): Bullish
Support/Resistance Levels:
- Key price levels:
- Upper Bollinger Band: $31.80
- Lower Bollinger Band: $30.76
- Technical patterns:
- SMA 20: $31.28
- EMA 12: $31.43
Momentum Signals:
- RSI interpretation: Overbought (>70), indicating potential sell signal
- MACD signal: Bullish, with a bullish crossover above the signal line
- Bollinger Bands position: Neutral, with price near the middle band
Volume Analysis: Volume trends and institutional interest signals are neutral, with no significant volume activity or changes in institutional interest.
News & Sentiment Analysis
Recent Headlines Summary: No recent news available
Sentiment Assessment: Neutral sentiment due to lack of recent news headlines
Catalyst Identification: None identified based on current data
Market Narrative: The market narrative is neutral, with no significant catalysts or events driving the analysis.
Risk & Volatility Assessment
Beta Interpretation: Beta 0.64 (vs SPY), indicating low risk relative to the market
Volatility Regime: Current volatility regime is low, with historical volatility at 4.4% (HV20)
Options Market Signals: No options data available, but IV Premium vs HV30 is positive, suggesting implied richness relative to realized volatility.
Downside Protection: Support levels are present around $30.76 and $28.93, indicating some downside protection.
Market Context & Positioning
Sector Performance: PQJA is trading within its sector's range
Institutional Activity: Neutral institutional interest signals
Correlation Analysis: PQJA is highly correlated with the market (R-squared 0.92), suggesting a strong trend alignment
Relative Valuation: PQJA is positioned near the middle of its trading range, indicating potential consolidation.
Key Levels & Action Items
- Critical price levels: Upper and Lower Bollinger Bands ($31.80 and $30.76)
- Breakout/Breakdown Levels: SMA 20 ($31.28) and EMA 12 ($31.43)
- Time-Sensitive Catalysts: No specific catalysts identified
- Risk Management: Stop-loss levels around $29.50, with a position sizing consideration of 1% or less.
This comprehensive analysis highlights the importance of considering both technical and market signals when evaluating PQJA's stock performance. While recent news sentiment is neutral, technical indicators suggest a strong uptrend that may continue if RSI improves and market context shifts. However, risk management considerations are necessary due to potential sell signals from overbought RSI.
PQJA 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
PQJA Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional 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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