PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) Sees Large Decrease in Short Interest

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 14,040 shares, a decrease of 46.9% from the July 15th total of 26,424 shares. Based on an average trading volume of 18,019 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in shares of PGIM Jennison Focused Value ETF during the first quarter worth approximately $37,000. Jane Street Group LLC boosted its stake in PGIM Jennison Focused Value ETF by 49.7% in the first 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 last quarter. Foguth Wealth Management LLC. grew its holdings in 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 worth $17,015,000 after acquiring an additional 15,262 shares during the period. Finally, Kozak & Associates Inc. acquired a new stake in PGIM Jennison Focused Value ETF during the 2nd quarter worth $25,344,000.

PGIM Jennison Focused Value ETF Stock Down 0.3%

PJFV stock traded down $0.30 during midday trading on Monday, reaching $101.82. The stock had a trading volume of 6,511 shares, compared to its average volume of 11,479. The business has a fifty day simple moving average of $98.83 and a two-hundred day simple moving average of $92.23. The firm has a market cap of $128.29 million, a price-to-earnings ratio of 18.36 and a beta of 0.83. PGIM Jennison Focused Value ETF has a twelve month low of $76.13 and a twelve month high of $102.79.

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.