PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG – Get Free Report) was the target of a significant drop in short interest in 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. Based on an average daily trading volume, of 2,485 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold.
Hedge Funds Weigh In On PGIM Jennison Focused Growth ETF
Several large investors have recently made changes to their positions in PJFG. Jane Street Group LLC purchased a new position in shares of PGIM Jennison Focused Growth ETF during the second quarter valued at approximately $848,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of PGIM Jennison Focused Growth ETF by 5.6% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 2,901 shares of the company’s stock valued at $320,000 after purchasing an additional 155 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of PGIM Jennison Focused Growth ETF by 34.6% during the third quarter. Jones Financial Companies Lllp now owns 31,722 shares of the company’s stock valued at $3,470,000 after purchasing an additional 8,157 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of PGIM Jennison Focused Growth ETF during the third quarter valued at approximately $555,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of PGIM Jennison Focused Growth ETF during the third quarter valued at approximately $27,000.
PGIM Jennison Focused Growth ETF Price Performance
PJFG traded up $0.68 on Friday, hitting $120.38. The company had a trading volume of 524 shares, compared to its average volume of 3,968. PGIM Jennison Focused Growth ETF has a 52-week low of $93.67 and a 52-week high of $123.00. The stock has a fifty day simple moving average of $107.66 and a 200-day simple moving average of $108.12. The firm has a market capitalization of $155.29 million, a P/E ratio of 39.69 and a beta of 1.26.
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.
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