PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) Short Interest Down 72.8% in May

PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,348 shares, a decline of 72.8% from the April 30th total of 4,955 shares. Based on an average daily volume of 2,485 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

PGIM Jennison Focused Growth ETF Price Performance

Shares of PJFG stock traded up $0.69 during trading hours on Friday, reaching $120.39. 1,146 shares of the company’s stock were exchanged, compared to its average volume of 3,974. The company’s 50 day moving average is $108.05 and its two-hundred day moving average is $108.21. The company has a market cap of $155.30 million, a P/E ratio of 39.69 and a beta of 1.26. PGIM Jennison Focused Growth ETF has a 1 year low of $93.67 and a 1 year high of $123.00.

Institutional Investors Weigh In On PGIM Jennison Focused Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC increased its holdings in PGIM Jennison Focused Growth ETF by 2.5% during the 4th quarter. HighTower Advisors LLC now owns 4,495 shares of the company’s stock worth $500,000 after purchasing an additional 110 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of PGIM Jennison Focused Growth ETF by 5.6% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 2,901 shares of the company’s stock valued at $320,000 after buying an additional 155 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of PGIM Jennison Focused Growth ETF during the 3rd quarter valued at approximately $27,000. Kestra Advisory Services LLC acquired a new stake in shares of PGIM Jennison Focused Growth ETF during the fourth quarter worth approximately $28,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of PGIM Jennison Focused Growth ETF during the fourth quarter worth approximately $29,000.

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.