PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) Short Interest Update

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 10,975 shares, a growth of 136.7% from the August 15th total of 4,637 shares. Based on an average daily trading volume, of 10,132 shares, the short-interest ratio is presently 1.1 days. Approximately 0.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new stake in shares of PGIM Jennison Focused Value ETF during the 1st quarter worth approximately $37,000. Foguth Wealth Management LLC. grew its stake in shares of PGIM Jennison Focused Value ETF by 8.1% in the first quarter. Foguth Wealth Management LLC. now owns 202,897 shares of the company’s stock valued at $17,015,000 after buying an additional 15,262 shares in the last quarter. Finally, Kozak & Associates Inc. bought a new position in shares of PGIM Jennison Focused Value ETF in the second quarter valued at $25,344,000.

PGIM Jennison Focused Value ETF Price Performance

NYSEARCA:PJFV traded down $0.33 on Tuesday, hitting $99.66. 4,122 shares of the company’s stock were exchanged, compared to its average volume of 11,420. The company has a market cap of $125.57 million, a P/E ratio of 18.36 and a beta of 0.83. The firm has a 50-day moving average price of $100.13 and a 200-day moving average price of $94.08. PGIM Jennison Focused Value ETF has a 52 week low of $78.13 and a 52 week high of $102.79.

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.