Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Sees Large Drop in Short Interest

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 457,983 shares, a decline of 54.8% from the June 30th total of 1,012,859 shares. Based on an average daily volume of 1,719,983 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Essex Financial Services Inc. lifted its position in Putnam Focused Large Cap Value ETF by 22.2% in the 1st quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock worth $6,578,000 after buying an additional 25,732 shares during the last quarter. Diversify Advisory Services LLC grew its position in Putnam Focused Large Cap Value ETF by 40.4% during the fourth quarter. Diversify Advisory Services LLC now owns 170,008 shares of the company’s stock valued at $7,990,000 after acquiring an additional 48,948 shares during the last quarter. Aspire Capital Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $596,000. Sowa Financial Group Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF by 4.1% during the fourth quarter. Sowa Financial Group Inc. now owns 571,015 shares of the company’s stock worth $26,021,000 after acquiring an additional 22,742 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 209.7% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 167,421 shares of the company’s stock worth $7,629,000 after acquiring an additional 113,361 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

PVAL stock traded up $0.86 during midday trading on Thursday, reaching $53.34. The company had a trading volume of 933,874 shares, compared to its average volume of 1,654,462. The firm has a 50-day moving average price of $51.36 and a 200-day moving average price of $49.07. The company has a market capitalization of $13.29 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1 year low of $39.71 and a 1 year high of $53.35.

Putnam Focused Large Cap Value ETF Company Profile

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.