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

PGIM Jennison Focused Value ETF (NYSEARCA:PJFVGet Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 30,431 shares, an increase of 77.7% from the June 15th total of 17,124 shares. Based on an average daily trading volume, of 15,154 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.9% of the company’s stock are short sold.

Institutional Trading of PGIM Jennison Focused Value ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in PGIM Jennison Focused Value ETF during the 1st quarter worth $37,000. Jane Street Group LLC lifted its holdings in shares of PGIM Jennison Focused Value ETF by 49.7% during the 1st 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. acquired a new position in shares of PGIM Jennison Focused Value ETF in the 4th quarter worth approximately $15,688,000. Finally, Kozak & Associates Inc. acquired a new stake in shares of PGIM Jennison Focused Value ETF in the 2nd quarter valued at $25,344,000.

PGIM Jennison Focused Value ETF Trading Down 0.3%

Shares of NYSEARCA:PJFV opened at $99.16 on Friday. PGIM Jennison Focused Value ETF has a 1 year low of $74.77 and a 1 year high of $99.66. The business has a fifty day simple moving average of $95.91 and a 200 day simple moving average of $89.77. The firm has a market cap of $105.11 million, a price-to-earnings ratio of 18.36 and a beta of 0.84.

PGIM Jennison Focused Value ETF Company Profile

(Get Free Report)

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.

Further Reading

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