Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Sees Significant Growth in Short Interest

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 887,448 shares, a growth of 93.8% from the July 15th total of 457,983 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 2,223,154 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter valued at about $27,000. Parkside Financial Bank & Trust bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at approximately $52,000. MCF Advisors LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $53,000. Global Retirement Partners LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter valued at $58,000. Finally, International Assets Investment Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter valued at $62,000.

Putnam Focused Large Cap Value ETF Stock Up 0.3%

NYSEARCA:PVAL traded up $0.16 during trading hours on Friday, hitting $54.58. 1,087,789 shares of the stock traded hands, compared to its average volume of 1,647,302. The company has a market cap of $13.77 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1 year low of $41.08 and a 1 year high of $54.63. The stock has a 50 day moving average price of $52.21 and a 200 day moving average price of $49.67.

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.