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

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 14,040 shares, a decrease of 46.9% from the July 15th total of 26,424 shares. Based on an average daily trading volume, of 18,019 shares, the short-interest ratio is presently 0.8 days. Approximately 1.1% of the shares of the company are sold short.

PGIM Jennison Focused Value ETF Stock Down 0.4%

PJFV stock traded down $0.44 during trading on Tuesday, hitting $101.38. The company had a trading volume of 7,038 shares, compared to its average volume of 11,451. The firm has a 50-day moving average price of $98.83 and a 200-day moving average price of $92.23. The firm has a market cap of $127.74 million, a PE ratio of 18.36 and a beta of 0.83. PGIM Jennison Focused Value ETF has a 1-year low of $76.13 and a 1-year high of $102.79.

Hedge Funds Weigh In On PGIM Jennison Focused Value ETF

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC boosted 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 valued at $397,000 after acquiring an additional 1,902 shares in the last quarter. Fifth Third Bancorp purchased a new position in PGIM Jennison Focused Value ETF during the first quarter worth about $37,000. Foguth Wealth Management LLC. lifted its position 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 purchasing an additional 15,262 shares during the period. Finally, Kozak & Associates Inc. acquired a new position in PGIM Jennison Focused Value ETF during the 2nd quarter worth approximately $25,344,000.

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.