Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Short Interest Update

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 11,908 shares, a drop of 42.8% from the May 14th total of 20,834 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,746 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of Putnam Focused Large Cap Growth ETF by 496.8% in the fourth quarter. Royal Bank of Canada now owns 6,081 shares of the company’s stock worth $271,000 after acquiring an additional 5,062 shares during the last quarter. Smith Moore & CO. bought a new position in shares of Putnam Focused Large Cap Growth ETF in the third quarter worth about $293,000. MGO One Seven LLC bought a new position in shares of Putnam Focused Large Cap Growth ETF in the fourth quarter worth about $1,580,000. HighTower Advisors LLC bought a new position in shares of Putnam Focused Large Cap Growth ETF in the fourth quarter worth about $1,825,000. Finally, Sequent Planning LLC bought a new position in shares of Putnam Focused Large Cap Growth ETF in the third quarter worth about $2,586,000.

Putnam Focused Large Cap Growth ETF Stock Up 0.2%

NYSEARCA:PGRO opened at $46.66 on Friday. The stock’s 50-day simple moving average is $46.06 and its 200 day simple moving average is $44.34. The firm has a market capitalization of $109.65 million, a PE ratio of 38.61 and a beta of 1.17. Putnam Focused Large Cap Growth ETF has a twelve month low of $38.70 and a twelve month high of $49.39.

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.