Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Sees Large Decrease in Short Interest

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 5,356 shares, a decrease of 66.4% from the September 15th total of 15,950 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 110,076 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Putnam Focused Large Cap Growth ETF

Several hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in shares of Putnam Focused Large Cap Growth ETF by 104.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,708 shares of the company’s stock valued at $749,000 after purchasing an additional 8,037 shares in the last quarter. RFG Advisory LLC acquired a new stake in Putnam Focused Large Cap Growth ETF during the 2nd quarter worth approximately $12,593,000. Allworth Financial LP acquired a new stake in shares of Putnam Focused Large Cap Growth ETF in the second quarter worth $238,000. Next Level Private LLC raised its position in Putnam Focused Large Cap Growth ETF by 30.3% in the second quarter. Next Level Private LLC now owns 268,851 shares of the company’s stock valued at $12,813,000 after purchasing an additional 62,583 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Putnam Focused Large Cap Growth ETF by 18.8% in the first quarter. Cetera Investment Advisers now owns 412,528 shares of the company’s stock valued at $16,621,000 after purchasing an additional 65,235 shares during the period.

Putnam Focused Large Cap Growth ETF Trading Down 2.2%

Shares of PGRO stock traded down $1.07 during mid-day trading on Wednesday, reaching $47.87. The stock had a trading volume of 22,041 shares, compared to its average volume of 31,458. Putnam Focused Large Cap Growth ETF has a 12-month low of $38.70 and a 12-month high of $49.67. The company has a market cap of $216.85 million, a P/E ratio of 38.61 and a beta of 1.16. The business has a 50-day simple moving average of $47.51 and a 200 day simple moving average of $46.43.

Putnam Focused Large Cap Growth ETF Company Profile

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.