Short Interest in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Declines By 51.3%

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 255,644 shares, a drop of 51.3% from the April 30th total of 524,457 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,586,459 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Putnam Focused Large Cap Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Prostatis Group LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth $3,727,000. Aspire Capital Advisors LLC acquired a new position in Putnam Focused Large Cap Value ETF in the 4th quarter worth $596,000. Glenmede Investment Management LP boosted its stake in Putnam Focused Large Cap Value ETF by 15.8% in the 3rd quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock worth $247,224,000 after purchasing an additional 789,767 shares during the period. Auctus Advisors LLC bought a new position in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $43,589,000. Finally, Weil Company Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF by 13.2% in the 3rd quarter. Weil Company Inc. now owns 327,471 shares of the company’s stock valued at $13,990,000 after purchasing an additional 38,165 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA PVAL traded down $0.01 during midday trading on Monday, hitting $50.58. The stock had a trading volume of 1,749,147 shares, compared to its average volume of 1,565,568. The firm has a market cap of $10.28 billion, a P/E ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a fifty-two week low of $38.08 and a fifty-two week high of $50.70. The company’s 50-day simple moving average is $48.46 and its 200 day simple moving average is $47.08.

Putnam Focused Large Cap Value ETF Company Profile

The Putnam Focused Large Cap Value ETF (PVAL) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed, non-transparent ETF that provides exposure to large-cap value companies in the US. The fund utilizes the Fidelity non-transparent model. PVAL was launched on May 25, 2021 and is managed by Putnam.