Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Stock Short Interest Falls 72.7%

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 4,533 shares, a drop of 72.7% from the October 15th total of 16,596 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,198 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Putnam Focused Large Cap Growth ETF

Large investors have recently added to or reduced their stakes in the company. Xcelsior Advisor Partners LLC bought a new position in shares of Putnam Focused Large Cap Growth ETF during the 3rd quarter valued at about $345,000. Smith Moore & CO. raised its holdings in shares of Putnam Focused Large Cap Growth ETF by 17.7% during the 3rd quarter. Smith Moore & CO. now owns 25,662 shares of the company’s stock valued at $1,234,000 after buying an additional 3,853 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Growth ETF during the 3rd quarter valued at about $4,419,000. Envestnet Asset Management Inc. lifted its position in 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 worth $749,000 after buying an additional 8,037 shares during the last quarter. Finally, RFG Advisory LLC bought a new stake in Putnam Focused Large Cap Growth ETF in the 2nd quarter worth approximately $12,593,000.

Putnam Focused Large Cap Growth ETF Stock Down 0.9%

Shares of NYSEARCA PGRO traded down $0.42 during mid-day trading on Friday, reaching $44.70. 26,707 shares of the company were exchanged, compared to its average volume of 30,176. Putnam Focused Large Cap Growth ETF has a 52 week low of $38.70 and a 52 week high of $49.67. The stock has a market capitalization of $199.81 million, a PE ratio of 29.39 and a beta of 1.17. The company’s 50 day moving average price is $46.98 and its 200 day moving average price is $45.61.

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.