Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Stock Short Interest Jumps 333.2%

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 782,685 shares, an increase of 333.2% from the August 31st total of 180,670 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 1,642,387 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

A number of institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. acquired a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $227,000. Envestnet Asset Management Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 16.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock worth $275,167,000 after purchasing an additional 762,099 shares during the last quarter. Bouchey Financial Group Ltd. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter worth approximately $39,360,000. Capital Analysts LLC lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 9.2% in the 2nd quarter. Capital Analysts LLC now owns 1,190,333 shares of the company’s stock worth $60,647,000 after purchasing an additional 99,997 shares during the last quarter. Finally, Insight Wealth Partners LLC acquired a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter valued at approximately $378,000.

Putnam Focused Large Cap Value ETF Stock Up 0.7%

PVAL stock traded up $0.39 during trading on Friday, hitting $53.40. 564,824 shares of the company’s stock traded hands, compared to its average volume of 1,625,693. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 52 week low of $41.58 and a 52 week high of $54.70. The stock has a fifty day moving average price of $53.68 and a two-hundred day moving average price of $50.86.

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.