Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Short Interest Down 42.8% in May

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 11,908 shares, a drop of 42.8% from the May 14th total of 20,834 shares. Based on an average daily volume of 6,746 shares, the short-interest ratio is currently 1.8 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Putnam Focused Large Cap Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in Putnam Focused Large Cap Growth ETF by 18.8% during the first quarter. Cetera Investment Advisers now owns 412,528 shares of the company’s stock valued at $16,621,000 after acquiring an additional 65,235 shares during the last quarter. Next Level Private LLC raised its holdings in shares of Putnam Focused Large Cap Growth ETF by 147.8% in the first quarter. Next Level Private LLC now owns 206,268 shares of the company’s stock worth $8,311,000 after buying an additional 123,032 shares during the last quarter. Prosperity Financial Group Inc. raised its holdings in shares of Putnam Focused Large Cap Growth ETF by 4.1% in the third quarter. Prosperity Financial Group Inc. now owns 132,429 shares of the company’s stock worth $5,887,000 after buying an additional 5,163 shares during the last quarter. Sequent Planning LLC raised its holdings in shares of 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 worth $4,091,000 after buying an additional 23,021 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of Putnam Focused Large Cap Growth ETF by 22.2% in the fourth quarter. Benjamin Edwards Inc. now owns 93,033 shares of the company’s stock worth $4,154,000 after buying an additional 16,884 shares during the last quarter.

Putnam Focused Large Cap Growth ETF Stock Down 0.9%

Shares of NYSEARCA PGRO traded down $0.43 during midday trading on Tuesday, reaching $47.45. 7,746 shares of the company’s stock traded hands, compared to its average volume of 16,338. The stock’s 50 day simple moving average is $46.34 and its 200-day simple moving average is $44.38. Putnam Focused Large Cap Growth ETF has a one year low of $38.70 and a one year high of $49.39. The company has a market cap of $111.51 million, a price-to-earnings ratio of 38.61 and a beta of 1.17.

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.