Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Stock Short Interest Report for September

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 351,464 shares, a drop of 55.1% from the September 15th total of 782,685 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,644,451 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Blue Trust Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 1st quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF by 113.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,406 shares of the company’s stock worth $72,000 after purchasing an additional 748 shares during the last quarter. Signature Equity Partners LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the first quarter worth $75,000. Community Bank N.A. bought a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at $79,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 44.4% during the first quarter. International Assets Investment Management LLC now owns 1,950 shares of the company’s stock valued at $91,000 after purchasing an additional 600 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Down 0.1%

Shares of PVAL stock traded down $0.03 during mid-day trading on Tuesday, reaching $54.11. 1,675,784 shares of the company’s stock traded hands, compared to its average volume of 1,633,172. Putnam Focused Large Cap Value ETF has a 12 month low of $41.86 and a 12 month high of $54.70. The company has a market cap of $14.82 billion, a P/E ratio of 17.86 and a beta of 0.84. The company’s 50-day moving average price is $53.84 and its 200-day moving average price is $51.45.

About Putnam Focused Large Cap Value ETF

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.