Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Short Interest Update

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 188,356 shares, a decrease of 78.8% from the July 30th total of 887,448 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,537,123 shares, the days-to-cover ratio is presently 0.1 days.

Putnam Focused Large Cap Value ETF Price Performance

PVAL opened at $54.48 on Wednesday. Putnam Focused Large Cap Value ETF has a one year low of $41.39 and a one year high of $54.70. The company has a fifty day moving average price of $52.67 and a 200-day moving average price of $50.01. The firm has a market capitalization of $13.75 billion, a P/E ratio of 17.86 and a beta of 0.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the first quarter valued at approximately $27,000. Parkside Financial Bank & Trust bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth $52,000. MCF Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth $53,000. Global Retirement Partners LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth $58,000. Finally, International Assets Investment Management LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at $62,000.

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.