Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Short Interest Down 68.0% in July

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,292 shares, a decrease of 68.0% from the June 30th total of 19,656 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 14,006 shares, the days-to-cover ratio is presently 0.4 days.

Putnam Focused Large Cap Growth ETF Trading Down 0.9%

Shares of PGRO opened at $44.93 on Friday. The company has a market cap of $108.73 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. The company’s fifty day simple moving average is $47.06 and its 200 day simple moving average is $44.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Next Level Private LLC increased its stake in shares of Putnam Focused Large Cap Growth ETF by 147.8% during the 1st quarter. Next Level Private LLC now owns 206,268 shares of the company’s stock worth $8,311,000 after purchasing an additional 123,032 shares during the last quarter. Cetera Investment Advisers lifted its stake in Putnam Focused Large Cap Growth ETF by 18.8% in the 1st quarter. Cetera Investment Advisers now owns 412,528 shares of the company’s stock valued at $16,621,000 after purchasing an additional 65,235 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Putnam Focused Large Cap Growth ETF in the 4th quarter valued at about $1,825,000. MGO One Seven LLC bought a new position in Putnam Focused Large Cap Growth ETF during the fourth quarter worth about $1,580,000. Finally, Sequent Planning LLC grew its holdings in Putnam Focused Large Cap Growth ETF by 29.3% during the first quarter. Sequent Planning LLC now owns 101,539 shares of the company’s stock worth $4,091,000 after purchasing an additional 23,021 shares during the period.

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.