PGIM Jennison Focused Value ETF (NYSEARCA:PJFV – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 16,042 shares, a growth of 86.2% from the May 14th total of 8,617 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average daily volume of 34,314 shares, the short-interest ratio is currently 0.5 days.
PGIM Jennison Focused Value ETF Stock Performance
Shares of NYSEARCA PJFV traded down $0.22 during midday trading on Tuesday, reaching $97.10. The stock had a trading volume of 4,904 shares, compared to its average volume of 8,359. The firm has a market cap of $57.29 million, a price-to-earnings ratio of 18.36 and a beta of 0.86. PGIM Jennison Focused Value ETF has a twelve month low of $71.42 and a twelve month high of $97.85. The company’s 50 day moving average price is $92.06 and its 200 day moving average price is $87.35.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in shares of PGIM Jennison Focused Value ETF in the 1st quarter worth approximately $37,000. Jane Street Group LLC lifted its position in shares of PGIM Jennison Focused Value ETF by 49.7% during the 1st 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 during the period. Finally, Foguth Wealth Management LLC. lifted its position 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 period.
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.
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