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

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 188,356 shares, a drop of 78.8% from the July 30th total of 887,448 shares. Based on an average daily trading volume, of 1,537,123 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Putnam Focused Large Cap Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Essex Financial Services Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 22.2% in the 1st quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock worth $6,578,000 after purchasing an additional 25,732 shares during the period. Sowa Financial Group Inc. boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 4.1% during the 4th quarter. Sowa Financial Group Inc. now owns 571,015 shares of the company’s stock worth $26,021,000 after buying an additional 22,742 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $35,203,000. Ameritas Advisory Services LLC grew its position in shares of Putnam Focused Large Cap Value ETF by 112.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 22,620 shares of the company’s stock worth $1,031,000 after buying an additional 11,961 shares during the period. Finally, M&T Bank Corp grew its position in shares of Putnam Focused Large Cap Value ETF by 106.7% during the 4th quarter. M&T Bank Corp now owns 401,379 shares of the company’s stock worth $18,300,000 after buying an additional 207,193 shares during the period.

Putnam Focused Large Cap Value ETF Trading Up 0.3%

PVAL traded up $0.14 during trading on Friday, reaching $54.29. 1,711,053 shares of the company’s stock were exchanged, compared to its average volume of 1,632,760. Putnam Focused Large Cap Value ETF has a one year low of $41.39 and a one year high of $54.70. The firm has a fifty day moving average price of $52.84 and a two-hundred day moving average price of $50.12. The stock has a market capitalization of $13.70 billion, a PE ratio of 17.86 and a beta of 0.84.

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.