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

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

PGIM Jennison Focused Value ETF Price Performance

Shares of PJFV opened at $100.94 on Monday. The company has a market cap of $127.18 million, a price-to-earnings ratio of 18.36 and a beta of 0.83. PGIM Jennison Focused Value ETF has a twelve month low of $78.13 and a twelve month high of $102.79. The company has a 50 day moving average of $100.11 and a two-hundred day moving average of $94.00.

Institutional Trading of PGIM Jennison Focused Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PJFV. Kozak & Associates Inc. purchased a new position in PGIM Jennison Focused Value ETF during the 2nd quarter worth $25,344,000. Foguth Wealth Management LLC. raised its stake 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 valued at $17,015,000 after buying an additional 15,262 shares during the last quarter. Jane Street Group LLC raised 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 buying an additional 1,902 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in PGIM Jennison Focused Value ETF in the first quarter valued at about $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.