Short Interest in Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Rises By 77.3%

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 22,463 shares, a growth of 77.3% from the August 15th total of 12,671 shares. Based on an average trading volume of 10,328 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Trading of Putnam Focused Large Cap Growth ETF

Several institutional investors have recently modified their holdings of PGRO. Allworth Financial LP acquired a new stake in shares of Putnam Focused Large Cap Growth ETF during the 2nd quarter valued at $238,000. Sequent Planning LLC grew its holdings in shares of Putnam Focused Large Cap Growth ETF by 29.3% in the 1st quarter. Sequent Planning LLC now owns 101,539 shares of the company’s stock worth $4,091,000 after acquiring an additional 23,021 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Putnam Focused Large Cap Growth ETF in the 4th quarter worth $1,825,000. Next Level Private LLC raised its position in shares of Putnam Focused Large Cap Growth ETF by 30.3% during the second quarter. Next Level Private LLC now owns 268,851 shares of the company’s stock worth $12,813,000 after purchasing an additional 62,583 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of 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 worth $16,621,000 after purchasing an additional 65,235 shares during the period.

Putnam Focused Large Cap Growth ETF Price Performance

PGRO opened at $46.75 on Friday. The business has a 50 day moving average price of $46.54 and a two-hundred day moving average price of $45.57. The company has a market capitalization of $233.70 million, a price-to-earnings ratio of 38.61 and a beta of 1.17. Putnam Focused Large Cap Growth ETF has a 1-year low of $38.70 and a 1-year high of $49.39.

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.