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

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 4,637 shares, a decline of 67.0% from the July 30th total of 14,040 shares. Based on an average trading volume of 33,250 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the shares of the company are short sold.

PGIM Jennison Focused Value ETF Price Performance

PGIM Jennison Focused Value ETF stock traded down $0.12 during midday trading on Friday, reaching $100.12. 4,903 shares of the company traded hands, compared to its average volume of 11,409. The firm has a market capitalization of $126.15 million, a price-to-earnings ratio of 18.36 and a beta of 0.83. The business has a 50 day moving average of $99.57 and a two-hundred day moving average of $93.04. PGIM Jennison Focused Value ETF has a 12 month low of $76.70 and a 12 month high of $102.79.

Institutional Investors Weigh In On PGIM Jennison Focused Value ETF

A number of hedge funds have recently added to or reduced their stakes in PJFV. Fifth Third Bancorp bought a new position in shares of PGIM Jennison Focused Value ETF during the 1st quarter valued at $37,000. Jane Street Group LLC grew its holdings in shares of 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 worth $397,000 after acquiring an additional 1,902 shares during the period. Foguth Wealth Management LLC. increased its position in 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 acquiring an additional 15,262 shares during the last quarter. Finally, Kozak & Associates Inc. purchased a new stake in PGIM Jennison Focused Value ETF during the second quarter valued at $25,344,000.

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.