PGIM Jennison Focused Value ETF (NYSEARCA:PJFV) Stock Short Interest Rises 346.2%

by · The Cerbat Gem

PGIM Jennison Focused Value ETF (NYSEARCA:PJFV – Get Free Report) was the recipient of a large growth in short interest in 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. Based on an average trading volume of 38,837 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

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

PGIM Jennison Focused Value ETF Trading Up 0.9%

Shares of PJFV opened at $101.91 on Wednesday. PGIM Jennison Focused Value ETF has a 12-month low of $79.31 and a 12-month high of $102.79. The stock has a market cap of $199.74 million, a P/E ratio of 18.36 and a beta of 0.83. The company has a 50-day moving average of $100.58 and a two-hundred day moving average of $93.85.

About PGIM Jennison Focused Value ETF

(Get Free Report)

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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