Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Stock Short Interest Falls 72.7%

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 4,533 shares, a drop of 72.7% from the October 15th total of 16,596 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 18,198 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Putnam Focused Large Cap Growth ETF

Institutional investors have recently modified their holdings of the business. Smith Moore & CO. grew its stake in Putnam Focused Large Cap Growth ETF by 17.7% in the 3rd quarter. Smith Moore & CO. now owns 25,662 shares of the company’s stock valued at $1,234,000 after buying an additional 3,853 shares in the last quarter. Allworth Financial LP purchased a new stake in Putnam Focused Large Cap Growth ETF during the 2nd quarter worth about $238,000. Xcelsior Advisor Partners LLC bought a new position in Putnam Focused Large Cap Growth ETF in the 3rd quarter worth about $345,000. Envestnet Asset Management Inc. boosted its position in shares of Putnam Focused Large Cap Growth ETF by 104.8% in the second quarter. Envestnet Asset Management Inc. now owns 15,708 shares of the company’s stock valued at $749,000 after acquiring an additional 8,037 shares during the period. Finally, Next Level Private LLC grew its position in shares of Putnam Focused Large Cap Growth ETF by 30.3% during 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.

Putnam Focused Large Cap Growth ETF Price Performance

Shares of PGRO traded down $0.42 during trading hours on Friday, hitting $44.70. The company’s stock had a trading volume of 26,707 shares, compared to its average volume of 30,176. The company has a market cap of $199.81 million, a price-to-earnings ratio of 29.39 and a beta of 1.17. The business has a 50 day simple moving average of $46.98 and a two-hundred day simple moving average of $45.61. Putnam Focused Large Cap Growth ETF has a 52-week low of $38.70 and a 52-week high of $49.67.

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.