Short Interest in Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Expands By 61.8%
by Kim Johansen · The Markets DailyPutnam Focused Large Cap Growth ETF (NYSEARCA:PGRO – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 10,179 shares, a growth of 61.8% from the July 15th total of 6,292 shares. Based on an average daily trading volume, of 179,281 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are short sold.
Hedge Funds Weigh In On Putnam Focused Large Cap Growth ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its stake 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 valued at $16,621,000 after acquiring an additional 65,235 shares during the last quarter. Next Level Private LLC increased its holdings in Putnam Focused Large Cap Growth ETF by 30.3% in the second quarter. Next Level Private LLC now owns 268,851 shares of the company’s stock valued at $12,813,000 after purchasing an additional 62,583 shares during the period. Prosperity Financial Group Inc. increased its holdings in Putnam Focused Large Cap Growth ETF by 4.1% in the third quarter. Prosperity Financial Group Inc. now owns 132,429 shares of the company’s stock valued at $5,887,000 after purchasing an additional 5,163 shares during the period. Sequent Planning LLC raised its position in Putnam Focused Large Cap Growth ETF by 29.3% during the 1st 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 last quarter. Finally, Benjamin Edwards Inc. raised its position in Putnam Focused Large Cap Growth ETF by 22.2% during the 4th quarter. Benjamin Edwards Inc. now owns 93,033 shares of the company’s stock worth $4,154,000 after purchasing an additional 16,884 shares during the last quarter.
Putnam Focused Large Cap Growth ETF Price Performance
NYSEARCA PGRO traded down $0.09 during trading hours on Monday, reaching $47.75. The company’s stock had a trading volume of 4,467 shares, compared to its average volume of 30,031. The firm has a fifty day simple moving average of $46.59 and a 200-day simple moving average of $45.00. Putnam Focused Large Cap Growth ETF has a 52 week low of $38.70 and a 52 week high of $49.39. The stock has a market cap of $214.88 million, a P/E ratio of 38.61 and a beta of 1.17.
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.