PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) Short Interest Up 183.4% in August

PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 3,327 shares, an increase of 183.4% from the July 30th total of 1,174 shares. Based on an average daily trading volume, of 1,791 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of PGIM Jennison Focused Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC boosted its stake in PGIM Jennison Focused Growth ETF by 1,051.2% during the first quarter. Kestra Advisory Services LLC now owns 2,901 shares of the company’s stock worth $282,000 after buying an additional 2,649 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in shares of PGIM Jennison Focused Growth ETF in the 4th quarter valued at $29,000. Motiv8 Investments LLC acquired a new position in shares of PGIM Jennison Focused Growth ETF in the 4th quarter valued at $36,000. Stifel Financial Corp lifted its holdings in shares of PGIM Jennison Focused Growth ETF by 232.9% during the 4th quarter. Stifel Financial Corp now owns 8,456 shares of the company’s stock worth $941,000 after acquiring an additional 5,916 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of PGIM Jennison Focused Growth ETF by 81.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 9,139 shares of the company’s stock worth $1,016,000 after acquiring an additional 4,111 shares during the period.

PGIM Jennison Focused Growth ETF Trading Down 0.4%

PJFG traded down $0.52 on Friday, hitting $118.05. 897 shares of the stock traded hands, compared to its average volume of 3,756. The business has a fifty day moving average price of $116.04 and a two-hundred day moving average price of $110.82. The firm has a market capitalization of $140.48 million, a PE ratio of 39.69 and a beta of 1.29. PGIM Jennison Focused Growth ETF has a 52 week low of $93.67 and a 52 week high of $123.00.

PGIM Jennison Focused Growth ETF Company Profile

The PGIM Jennison Focused Growth ETF (PJFG) 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 growth stocks from all over the world. PJFG was launched on Dec 12, 2022 and is managed by PGIM.