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

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 887,448 shares, an increase of 93.8% from the July 15th total of 457,983 shares. Based on an average daily volume of 2,223,154 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short.

Putnam Focused Large Cap Value ETF Trading Up 0.3%

Shares of NYSEARCA PVAL traded up $0.16 during midday trading on Friday, hitting $54.58. The company’s stock had a trading volume of 1,087,789 shares, compared to its average volume of 1,647,302. The firm has a market capitalization of $13.77 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The stock has a fifty day moving average price of $52.21 and a 200 day moving average price of $49.67. Putnam Focused Large Cap Value ETF has a one year low of $41.08 and a one year high of $54.63.

Hedge Funds Weigh In On Putnam Focused Large Cap Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 7.3% during the fourth quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock worth $146,000 after purchasing an additional 219 shares during the period. Verdence Capital Advisors LLC raised its position in Putnam Focused Large Cap Value ETF by 2.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock valued at $432,000 after purchasing an additional 249 shares during the last quarter. Next Level Private LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 4.4% during the first quarter. Next Level Private LLC now owns 5,983 shares of the company’s stock valued at $278,000 after buying an additional 250 shares during the period. Brown Advisory Inc. raised its holdings in shares of Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock valued at $507,000 after acquiring an additional 300 shares in the last quarter. Finally, Advisor OS LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF by 2.8% during the fourth quarter. Advisor OS LLC now owns 16,093 shares of the company’s stock valued at $733,000 after acquiring an additional 435 shares in the last quarter.

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.