PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) Sees Significant Increase in Short Interest

PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,246 shares, an increase of 1,063.7% from the September 30th total of 193 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,939 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of PGIM Jennison Focused Growth ETF

A hedge fund recently raised its position in PGIM Jennison Focused Growth ETF stock. Kestra Advisory Services LLC boosted its position in PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) by 1,051.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,901 shares of the company’s stock after purchasing an additional 2,649 shares during the quarter. Kestra Advisory Services LLC owned about 0.22% of PGIM Jennison Focused Growth ETF worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

PGIM Jennison Focused Growth ETF Price Performance

PGIM Jennison Focused Growth ETF stock traded up $0.37 during mid-day trading on Wednesday, hitting $118.83. 903 shares of the company were exchanged, compared to its average volume of 3,511. The business’s 50 day simple moving average is $119.09 and its two-hundred day simple moving average is $112.39. The company has a market capitalization of $143.78 million, a P/E ratio of 39.69 and a beta of 1.28. PGIM Jennison Focused Growth ETF has a 12-month low of $93.67 and a 12-month high of $124.65.

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.