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

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 5,279 shares, a decline of 87.2% from the October 15th total of 41,308 shares. Based on an average daily trading volume, of 37,755 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On PGIM Jennison Focused Value ETF

A number of large investors have recently added to or reduced their stakes in PJFV. Fifth Third Bancorp bought a new position in shares of PGIM Jennison Focused Value ETF in the first quarter valued at approximately $37,000. Envestnet Asset Management Inc. bought a new stake in shares of PGIM Jennison Focused Value ETF during the 2nd quarter worth $664,000. Private Advisor Group LLC bought a new stake in shares of PGIM Jennison Focused Value ETF during the 3rd quarter worth $4,260,000. Foguth Wealth Management LLC. grew its stake in PGIM Jennison Focused Value ETF by 8.1% in the 1st quarter. Foguth Wealth Management LLC. now owns 202,897 shares of the company’s stock valued at $17,015,000 after buying an additional 15,262 shares during the last quarter. Finally, Kozak & Associates Inc. acquired a new position in PGIM Jennison Focused Value ETF in the 2nd quarter valued at $25,344,000.

PGIM Jennison Focused Value ETF Stock Performance

Shares of PJFV traded up $1.08 during trading hours on Wednesday, hitting $101.84. 51,627 shares of the company were exchanged, compared to its average volume of 17,291. The company has a market cap of $211.83 million, a PE ratio of 21.26 and a beta of 0.82. The firm’s 50 day moving average is $100.60 and its 200-day moving average is $94.63. PGIM Jennison Focused Value ETF has a 52 week low of $79.31 and a 52 week high of $103.17.

About PGIM Jennison Focused Value ETF

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.