PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) Shares Shorted: Short Interest Down 87.2% in October

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 5,279 shares, a decrease of 87.2% from the October 15th total of 41,308 shares. Based on an average daily trading volume, of 37,755 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are short sold.

PGIM Jennison Focused Value ETF Stock Performance

Shares of NYSEARCA PJFV traded up $1.08 during mid-day trading on Wednesday, reaching $101.84. The company had a trading volume of 51,627 shares, compared to its average volume of 17,291. The stock has a market capitalization of $211.83 million, a PE ratio of 21.26 and a beta of 0.82. PGIM Jennison Focused Value ETF has a twelve month low of $79.31 and a twelve month high of $103.17. The stock’s 50 day moving average is $100.60 and its 200-day moving average is $94.63.

Institutional Investors Weigh In On PGIM Jennison Focused Value ETF

Several large investors have recently made changes to their positions in the company. Kozak & Associates Inc. bought a new position in PGIM Jennison Focused Value ETF during the second quarter valued at approximately $25,344,000. Foguth Wealth Management LLC. increased its stake in shares of PGIM Jennison Focused Value ETF by 8.1% during the 1st quarter. Foguth Wealth Management LLC. now owns 202,897 shares of the company’s stock worth $17,015,000 after purchasing an additional 15,262 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of PGIM Jennison Focused Value ETF during the 3rd quarter worth $4,260,000. Envestnet Asset Management Inc. bought a new position in shares of PGIM Jennison Focused Value ETF during the 2nd quarter valued at $664,000. Finally, Fifth Third Bancorp bought a new position in shares of PGIM Jennison Focused Value ETF during the 1st quarter valued at $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.