PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) Sees Large Increase in Short Interest

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 41,308 shares, an increase of 346.2% from the September 30th total of 9,258 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average trading volume of 38,837 shares, the days-to-cover ratio is presently 1.1 days.

PGIM Jennison Focused Value ETF Trading Down 0.1%

PGIM Jennison Focused Value ETF stock traded down $0.06 during mid-day trading on Thursday, reaching $102.31. The company had a trading volume of 28,296 shares, compared to its average volume of 14,087. PGIM Jennison Focused Value ETF has a fifty-two week low of $79.31 and a fifty-two week high of $103.17. The company has a market cap of $202.58 million, a P/E ratio of 18.36 and a beta of 0.83. The business has a fifty day simple moving average of $100.60 and a 200 day simple moving average of $93.94.

Institutional Trading of PGIM Jennison Focused Value ETF

Several large investors have recently modified their holdings of PJFV. Kozak & Associates Inc. purchased a new stake in shares of PGIM Jennison Focused Value ETF in the second quarter worth approximately $25,344,000. Foguth Wealth Management LLC. raised its stake in PGIM Jennison Focused Value ETF by 8.1% in the 1st quarter. Foguth Wealth Management LLC. now owns 202,897 shares of the company’s stock valued at $17,015,000 after acquiring an additional 15,262 shares during the period. Envestnet Asset Management Inc. bought a new stake in PGIM Jennison Focused Value ETF during the 2nd quarter valued at $664,000. Finally, Fifth Third Bancorp bought a new stake in shares of PGIM Jennison Focused Value ETF during the 1st quarter valued at $37,000.

PGIM Jennison Focused Value ETF Company Profile

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.