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

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 41,308 shares, a growth of 346.2% from the September 30th total of 9,258 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average trading volume of 38,837 shares, the short-interest ratio is currently 1.1 days.

PGIM Jennison Focused Value ETF Stock Up 0.9%

PJFV stock opened at $101.91 on Wednesday. PGIM Jennison Focused Value ETF has a 52-week low of $79.31 and a 52-week high of $102.79. The stock’s fifty day simple moving average is $100.58 and its 200-day simple moving average is $93.85. The stock has a market capitalization of $199.74 million, a price-to-earnings ratio of 18.36 and a beta of 0.83.

Hedge Funds Weigh In On PGIM Jennison Focused Value ETF

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

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.