PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) Sees Large Increase in Short Interest

PGIM Jennison Focused Value ETF (NYSEARCA:PJFVGet Free Report) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 16,042 shares, a growth of 86.2% from the May 14th total of 8,617 shares. Based on an average daily trading volume, of 34,314 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.7% of the company’s stock are sold short.

Institutional Investors Weigh In On PGIM Jennison Focused Value ETF

Several institutional investors have recently bought and sold shares of the stock. Foguth Wealth Management LLC. grew its holdings in PGIM Jennison Focused Value ETF by 8.1% during the first quarter. Foguth Wealth Management LLC. now owns 202,897 shares of the company’s stock worth $17,015,000 after buying an additional 15,262 shares in the last quarter. Fifth Third Bancorp bought a new stake in PGIM Jennison Focused Value ETF during the first quarter worth $37,000. Finally, Jane Street Group LLC grew its holdings in PGIM Jennison Focused Value ETF by 49.7% during the first quarter. Jane Street Group LLC now owns 5,731 shares of the company’s stock worth $397,000 after buying an additional 1,902 shares in the last quarter.

PGIM Jennison Focused Value ETF Stock Performance

Shares of PGIM Jennison Focused Value ETF stock opened at $96.30 on Monday. The stock has a fifty day simple moving average of $91.81 and a 200 day simple moving average of $87.24. PGIM Jennison Focused Value ETF has a 12-month low of $71.42 and a 12-month high of $96.63. The company has a market capitalization of $56.82 million, a P/E ratio of 18.36 and a beta of 0.86.

PGIM Jennison Focused Value ETF Company Profile

(Get Free Report)

The PGIM Jennison Focused Value ETF (PJFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that provides exposure to a narrow basket of value stocks that from all over the world. PJFV was launched on Dec 12, 2022 and is managed by PGIM.

Further Reading

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