Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Short Interest Up 77.3% in August

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 22,463 shares, an increase of 77.3% from the August 15th total of 12,671 shares. Based on an average daily trading volume, of 10,328 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PGRO. RFG Advisory LLC purchased a new stake in shares of Putnam Focused Large Cap Growth ETF in the second quarter worth $12,593,000. Allworth Financial LP purchased a new position in Putnam Focused Large Cap Growth ETF during the second quarter worth about $238,000. Next Level Private LLC grew its position in Putnam Focused Large Cap Growth ETF by 30.3% during the second quarter. Next Level Private LLC now owns 268,851 shares of the company’s stock worth $12,813,000 after buying an additional 62,583 shares in the last quarter. Cetera Investment Advisers increased its stake in Putnam Focused Large Cap Growth ETF by 18.8% in the 1st quarter. Cetera Investment Advisers now owns 412,528 shares of the company’s stock worth $16,621,000 after acquiring an additional 65,235 shares during the last quarter. Finally, Sequent Planning LLC increased its stake in Putnam Focused Large Cap Growth ETF by 29.3% in the 1st quarter. Sequent Planning LLC now owns 101,539 shares of the company’s stock worth $4,091,000 after acquiring an additional 23,021 shares during the last quarter.

Putnam Focused Large Cap Growth ETF Trading Up 0.3%

Shares of PGRO stock traded up $0.14 during trading hours on Wednesday, reaching $46.07. The stock had a trading volume of 4,724 shares, compared to its average volume of 27,737. The stock’s fifty day simple moving average is $46.56 and its 200 day simple moving average is $45.52. The firm has a market capitalization of $230.30 million, a PE ratio of 38.61 and a beta of 1.17. Putnam Focused Large Cap Growth ETF has a 12 month low of $38.70 and a 12 month high of $49.39.

About Putnam Focused Large Cap Growth ETF

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