Short Interest in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Increases By 368.3%

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,012,859 shares, an increase of 368.3% from the June 15th total of 216,274 shares. Based on an average daily volume of 1,666,674 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PVAL. Bank of America Corp DE lifted its position in Putnam Focused Large Cap Value ETF by 48.4% during the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock worth $1,666,439,000 after acquiring an additional 11,707,304 shares during the last quarter. Morgan Stanley grew its position in shares of Putnam Focused Large Cap Value ETF by 24.9% in the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after purchasing an additional 1,906,373 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Putnam Focused Large Cap Value ETF by 21.6% in the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock valued at $386,844,000 after purchasing an additional 1,483,240 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Putnam Focused Large Cap Value ETF by 11.4% during the first quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after purchasing an additional 734,798 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF by 17.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after purchasing an additional 1,009,485 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 0.5%

Shares of PVAL traded up $0.27 during trading hours on Friday, hitting $51.82. The company had a trading volume of 1,123,483 shares, compared to its average volume of 1,602,317. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The business has a fifty day moving average of $50.69 and a 200-day moving average of $48.49. Putnam Focused Large Cap Value ETF has a 12 month low of $39.71 and a 12 month high of $52.13.

About Putnam Focused Large Cap Value ETF

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.