PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) Short Interest Up 136.7% in August

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) saw 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. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 10,132 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On PGIM Jennison Focused Value ETF

Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp bought a new stake in PGIM Jennison Focused Value ETF during the first quarter valued at about $37,000. Jane Street Group LLC grew its stake in PGIM Jennison Focused Value ETF by 49.7% in the first quarter. Jane Street Group LLC now owns 5,731 shares of the company’s stock valued at $397,000 after purchasing an additional 1,902 shares during the last quarter. Foguth Wealth Management LLC. raised its holdings in 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 worth $17,015,000 after purchasing an additional 15,262 shares in the last quarter. Finally, Kozak & Associates Inc. bought a new position in PGIM Jennison Focused Value ETF in the second quarter worth about $25,344,000.

PGIM Jennison Focused Value ETF Price Performance

PJFV stock opened at $100.94 on Monday. The company has a market capitalization of $127.18 million, a PE ratio of 18.36 and a beta of 0.83. The firm’s 50-day moving average is $100.11 and its 200 day moving average is $94.00. PGIM Jennison Focused Value ETF has a 12 month low of $78.13 and a 12 month 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.