PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 1,384 shares, a decrease of 58.4% from the August 15th total of 3,327 shares. Based on an average daily trading volume, of 1,557 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are sold short.
Hedge Funds Weigh In On PGIM Jennison Focused Growth ETF
Several hedge funds have recently made changes to their positions in PJFG. Kestra Advisory Services LLC increased its position in shares of PGIM Jennison Focused Growth ETF by 1,051.2% during the first quarter. Kestra Advisory Services LLC now owns 2,901 shares of the company’s stock worth $282,000 after purchasing an additional 2,649 shares in the last quarter. Motiv8 Investments LLC purchased a new position in PGIM Jennison Focused Growth ETF during the 4th quarter worth approximately $36,000. Finally, J.W. Cole Advisors Inc. increased its position in PGIM Jennison Focused Growth ETF by 81.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 9,139 shares of the company’s stock worth $1,016,000 after buying an additional 4,111 shares during the period.
PGIM Jennison Focused Growth ETF Trading Down 0.4%
Shares of NYSEARCA PJFG traded down $0.45 during mid-day trading on Monday, reaching $116.71. The company had a trading volume of 2,632 shares, compared to its average volume of 3,642. The firm has a 50 day simple moving average of $116.69 and a two-hundred day simple moving average of $111.81. The stock has a market cap of $138.88 million, a P/E ratio of 39.69 and a beta of 1.29. PGIM Jennison Focused Growth ETF has a 52-week low of $93.67 and a 52-week high of $123.00.
About PGIM Jennison Focused Growth ETF
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.
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