Short Interest in Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Drops By 68.0%

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,292 shares, a decrease of 68.0% from the June 30th total of 19,656 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 14,006 shares, the short-interest ratio is currently 0.4 days.

Putnam Focused Large Cap Growth ETF Trading Down 0.2%

NYSEARCA:PGRO traded down $0.08 during mid-day trading on Monday, hitting $44.85. The stock had a trading volume of 4,864 shares, compared to its average volume of 32,215. The stock has a market capitalization of $108.54 million, a price-to-earnings ratio of 38.61 and a beta of 1.17. The company has a 50 day simple moving average of $47.06 and a 200-day simple moving average of $44.72. Putnam Focused Large Cap Growth ETF has a 52 week low of $38.70 and a 52 week high of $49.39.

Institutional Investors Weigh In On Putnam Focused Large Cap Growth ETF

Large investors have recently made changes to their positions in the company. HighTower Advisors LLC acquired a new position in shares of Putnam Focused Large Cap Growth ETF during the fourth quarter worth approximately $1,825,000. Sequent Planning LLC increased its position in Putnam Focused Large Cap Growth ETF by 35.0% in the 4th quarter. Sequent Planning LLC now owns 78,518 shares of the company’s stock valued at $3,506,000 after acquiring an additional 20,342 shares during the period. MGO One Seven LLC acquired a new stake in Putnam Focused Large Cap Growth ETF in the 4th quarter valued at approximately $1,580,000. Benjamin Edwards Inc. raised its stake in Putnam Focused Large Cap Growth ETF by 22.2% during the 4th quarter. Benjamin Edwards Inc. now owns 93,033 shares of the company’s stock valued at $4,154,000 after acquiring an additional 16,884 shares in the last quarter. Finally, Next Level Private LLC raised its stake in Putnam Focused Large Cap Growth ETF by 147.8% during the 1st quarter. Next Level Private LLC now owns 206,268 shares of the company’s stock valued at $8,311,000 after acquiring an additional 123,032 shares in the last quarter.

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.