Short Interest in PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) Drops By 72.8%

PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) saw a large decline in short interest in 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,485 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On PGIM Jennison Focused Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. purchased a new stake in PGIM Jennison Focused Growth ETF in the 3rd quarter worth $555,000. Jones Financial Companies Lllp increased its holdings in PGIM Jennison Focused Growth ETF by 34.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 31,722 shares of the company’s stock worth $3,470,000 after acquiring an additional 8,157 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in PGIM Jennison Focused Growth ETF in the 3rd quarter worth $27,000. HighTower Advisors LLC increased its holdings in PGIM Jennison Focused Growth ETF by 2.5% in the 4th quarter. HighTower Advisors LLC now owns 4,495 shares of the company’s stock worth $500,000 after acquiring an additional 110 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in PGIM Jennison Focused Growth ETF in the 2nd quarter worth $848,000.

PGIM Jennison Focused Growth ETF Price Performance

NYSEARCA PJFG traded up $0.69 on Friday, hitting $120.39. The company had a trading volume of 1,146 shares, compared to its average volume of 3,974. The company has a market capitalization of $155.30 million, a PE ratio of 39.69 and a beta of 1.26. The company’s fifty day moving average price is $108.05 and its 200-day moving average price is $108.17. PGIM Jennison Focused Growth ETF has a 12-month low of $93.67 and a 12-month high of $123.00.

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.