Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Short Interest Up 61.8% in July

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 10,179 shares, a growth of 61.8% from the July 15th total of 6,292 shares. Based on an average daily volume of 179,281 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Next Level Private LLC raised its holdings in shares of 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 purchasing an additional 62,583 shares in the last quarter. Cetera Investment Advisers increased its holdings in 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 buying an additional 65,235 shares during the last quarter. Sequent Planning LLC increased its holdings in Putnam Focused Large Cap Growth ETF by 29.3% in the first quarter. Sequent Planning LLC now owns 101,539 shares of the company’s stock valued at $4,091,000 after buying an additional 23,021 shares during the last quarter. Royal Bank of Canada raised its stake in Putnam Focused Large Cap Growth ETF by 496.8% in the fourth quarter. Royal Bank of Canada now owns 6,081 shares of the company’s stock valued at $271,000 after buying an additional 5,062 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in Putnam Focused Large Cap Growth ETF in the fourth quarter valued at $1,825,000.

Putnam Focused Large Cap Growth ETF Stock Performance

PGRO stock traded up $0.05 during mid-day trading on Wednesday, reaching $47.05. The company had a trading volume of 1,013 shares, compared to its average volume of 29,741. The company has a market capitalization of $211.72 million, a price-to-earnings ratio of 38.61 and a beta of 1.17. The firm has a fifty day simple moving average of $46.59 and a 200 day simple moving average of $45.01. Putnam Focused Large Cap Growth ETF has a fifty-two week low of $38.70 and a fifty-two week high of $49.39.

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.