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

PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,348 shares, a drop of 72.8% from the April 30th total of 4,955 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,485 shares, the days-to-cover ratio is currently 0.5 days.

PGIM Jennison Focused Growth ETF Stock Performance

Shares of NYSEARCA PJFG traded up $0.68 during trading hours on Friday, hitting $120.38. The company’s stock had a trading volume of 524 shares, compared to its average volume of 3,968. The stock has a market cap of $155.29 million, a price-to-earnings ratio of 39.69 and a beta of 1.26. PGIM Jennison Focused Growth ETF has a 12 month low of $93.67 and a 12 month high of $123.00. The business has a 50-day simple moving average of $107.66 and a 200-day simple moving average of $108.12.

Institutional Trading of PGIM Jennison Focused Growth ETF

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC lifted its holdings in PGIM Jennison Focused Growth ETF by 1,051.2% in the first quarter. Kestra Advisory Services LLC now owns 2,901 shares of the company’s stock worth $282,000 after buying an additional 2,649 shares during the period. Prosperity Bancshares Inc purchased a new stake in PGIM Jennison Focused Growth ETF in the fourth quarter worth about $29,000. Motiv8 Investments LLC purchased a new stake in PGIM Jennison Focused Growth ETF in the fourth quarter worth about $36,000. Stifel Financial Corp lifted its holdings in PGIM Jennison Focused Growth ETF by 232.9% in the fourth quarter. Stifel Financial Corp now owns 8,456 shares of the company’s stock worth $941,000 after buying an additional 5,916 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in PGIM Jennison Focused Growth ETF by 81.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 9,139 shares of the company’s stock worth $1,016,000 after buying an additional 4,111 shares during the period.

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.