Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Short Interest Up 368.3% in June

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,012,859 shares, a growth of 368.3% from the June 15th total of 216,274 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,666,674 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth approximately $27,000. Parkside Financial Bank & Trust acquired a new position in Putnam Focused Large Cap Value ETF during the fourth quarter valued at approximately $52,000. MCF Advisors LLC acquired a new position in Putnam Focused Large Cap Value ETF during the fourth quarter valued at approximately $53,000. Global Retirement Partners LLC bought a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter worth $58,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at $62,000.

Putnam Focused Large Cap Value ETF Stock Up 0.5%

Shares of PVAL traded up $0.27 during midday trading on Friday, reaching $51.82. 1,123,483 shares of the stock were exchanged, compared to its average volume of 1,602,317. Putnam Focused Large Cap Value ETF has a twelve month low of $39.71 and a twelve month high of $52.13. The company has a market cap of $12.32 billion, a P/E ratio of 17.86 and a beta of 0.84. The stock’s 50 day simple moving average is $50.69 and its 200 day simple moving average is $48.49.

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.