Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Stock Short Interest Falls 44.3%

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 195,597 shares, a drop of 44.3% from the September 30th total of 351,464 shares. Based on an average daily volume of 1,769,064 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Putnam Focused Large Cap Value ETF Stock Performance

Putnam Focused Large Cap Value ETF stock opened at $54.62 on Tuesday. Putnam Focused Large Cap Value ETF has a fifty-two week low of $42.76 and a fifty-two week high of $55.20. The stock has a market cap of $15.38 billion, a PE ratio of 17.86 and a beta of 0.84. The firm’s 50-day simple moving average is $53.82 and its 200 day simple moving average is $50.72.

Hedge Funds Weigh In On Putnam Focused Large Cap Value ETF

Hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter valued at approximately $448,572,000. Basso Capital Management L.P. bought a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter worth approximately $761,000. Cordgrass Capital Advisors LLC grew its stake in Putnam Focused Large Cap Value ETF by 10.8% in the 3rd quarter. Cordgrass Capital Advisors LLC now owns 43,194 shares of the company’s stock valued at $2,273,000 after buying an additional 4,202 shares in the last quarter. Kelleher Financial Advisors grew its stake in Putnam Focused Large Cap Value ETF by 8.6% in the 3rd quarter. Kelleher Financial Advisors now owns 230,332 shares of the company’s stock valued at $12,120,000 after buying an additional 18,282 shares in the last quarter. Finally, Peck Wealth Management LLC grew its stake in Putnam Focused Large Cap Value ETF by 3.1% in the 3rd quarter. Peck Wealth Management LLC now owns 51,987 shares of the company’s stock valued at $2,736,000 after buying an additional 1,552 shares in the last quarter.

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.