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

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 16,596 shares, a growth of 209.9% from the September 30th total of 5,356 shares. Based on an average daily volume of 10,347 shares, the short-interest ratio is currently 1.6 days. Approximately 0.4% of the company’s shares are short sold.

Putnam Focused Large Cap Growth ETF Stock Performance

NYSEARCA:PGRO traded down $1.48 on Friday, reaching $45.26. The company’s stock had a trading volume of 6,524 shares, compared to its average volume of 30,704. Putnam Focused Large Cap Growth ETF has a 1-year low of $38.70 and a 1-year high of $49.67. The business’s 50-day moving average price is $47.42 and its two-hundred day moving average price is $45.56. The firm has a market cap of $203.67 million, a PE ratio of 38.61 and a beta of 1.16.

Institutional Investors Weigh In On Putnam Focused Large Cap Growth ETF

Several hedge funds have recently modified their holdings of PGRO. RFG Advisory LLC acquired a new position in Putnam Focused Large Cap Growth ETF in the second quarter valued at $12,593,000. Cetera Investment Advisers raised its holdings 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 last quarter. Next Level Private LLC increased its stake in Putnam Focused Large Cap Growth ETF by 30.3% in the 2nd quarter. Next Level Private LLC now owns 268,851 shares of the company’s stock valued at $12,813,000 after buying an additional 62,583 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Putnam Focused Large Cap Growth ETF by 104.8% in the second quarter. Envestnet Asset Management Inc. now owns 15,708 shares of the company’s stock worth $749,000 after purchasing an additional 8,037 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in shares of Putnam Focused Large Cap Growth ETF in the 2nd quarter worth about $238,000.

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.