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

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 4,637 shares, a drop of 67.0% from the July 30th total of 14,040 shares. Based on an average daily trading volume, of 33,250 shares, the short-interest ratio is currently 0.1 days. Currently, 0.4% of the shares of the stock are sold short.

PGIM Jennison Focused Value ETF Stock Performance

PGIM Jennison Focused Value ETF stock opened at $100.12 on Friday. The stock has a market capitalization of $126.15 million, a P/E ratio of 18.36 and a beta of 0.83. The company’s fifty day moving average price is $99.63 and its 200 day moving average price is $93.09. PGIM Jennison Focused Value ETF has a 1 year low of $76.70 and a 1 year high of $102.79.

Institutional Trading of PGIM Jennison Focused Value ETF

Several institutional investors have recently modified their holdings of PJFV. Kozak & Associates Inc. acquired a new position in shares of PGIM Jennison Focused Value ETF during the 2nd quarter worth about $25,344,000. Foguth Wealth Management LLC. boosted its holdings in PGIM Jennison Focused Value ETF by 8.1% in the 1st 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 during the last quarter. Jane Street Group LLC boosted its holdings in PGIM Jennison Focused Value ETF by 49.7% in the 1st 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 during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in PGIM Jennison Focused Value ETF during the 1st quarter worth approximately $37,000.

About PGIM Jennison Focused Value ETF

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.