PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) Sees Significant Drop in Short Interest

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) was the target 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. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 33,250 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On PGIM Jennison Focused Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new stake in shares of PGIM Jennison Focused Value ETF in the 1st quarter worth $37,000. Jane Street Group LLC boosted its position in shares of 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 valued at $397,000 after buying an additional 1,902 shares during the last quarter. Foguth Wealth Management LLC. boosted its position in shares of 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 valued at $17,015,000 after buying an additional 15,262 shares during the last quarter. Finally, Kozak & Associates Inc. bought a new stake in PGIM Jennison Focused Value ETF in the 2nd quarter worth about $25,344,000.

PGIM Jennison Focused Value ETF Stock Down 0.1%

Shares of NYSEARCA PJFV traded down $0.12 during midday trading on Friday, hitting $100.12. The stock had a trading volume of 4,903 shares, compared to its average volume of 11,409. The business’s 50 day moving average is $99.57 and its 200-day moving average is $93.04. The company has a market cap of $126.15 million, a P/E ratio of 18.36 and a beta of 0.83. PGIM Jennison Focused Value ETF has a 52 week low of $76.70 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.