PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) Sees Large Increase in Short Interest

PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 3,327 shares, an increase of 183.4% from the July 30th total of 1,174 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 1,791 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of PGIM Jennison Focused Growth ETF in the 2nd quarter worth about $848,000. Stifel Financial Corp boosted its holdings in shares of PGIM Jennison Focused Growth ETF by 232.9% in the 4th quarter. Stifel Financial Corp now owns 8,456 shares of the company’s stock valued at $941,000 after buying an additional 5,916 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of PGIM Jennison Focused Growth ETF by 81.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 9,139 shares of the company’s stock valued at $1,016,000 after buying an additional 4,111 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of PGIM Jennison Focused Growth ETF by 1,051.2% during the 1st quarter. Kestra Advisory Services LLC now owns 2,901 shares of the company’s stock valued at $282,000 after buying an additional 2,649 shares during the last quarter. Finally, Prosperity Financial Group Inc. raised its stake in PGIM Jennison Focused Growth ETF by 3.0% during the third quarter. Prosperity Financial Group Inc. now owns 52,205 shares of the company’s stock worth $5,759,000 after acquiring an additional 1,509 shares during the period.

PGIM Jennison Focused Growth ETF Stock Performance

Shares of PJFG stock opened at $118.05 on Friday. The stock has a market capitalization of $140.48 million, a price-to-earnings ratio of 39.69 and a beta of 1.29. PGIM Jennison Focused Growth ETF has a one year low of $93.67 and a one year high of $123.00. The company’s 50-day simple moving average is $116.04 and its 200-day simple moving average is $110.82.

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.