Short Interest in Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Rises By 77.3%

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 22,463 shares, an increase of 77.3% from the August 15th total of 12,671 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 10,328 shares, the days-to-cover ratio is currently 2.2 days.

Putnam Focused Large Cap Growth ETF Price Performance

PGRO traded up $0.68 during trading on Thursday, hitting $46.75. The company had a trading volume of 5,219 shares, compared to its average volume of 27,610. Putnam Focused Large Cap Growth ETF has a 1-year low of $38.70 and a 1-year high of $49.39. The company has a market cap of $233.70 million, a PE ratio of 38.61 and a beta of 1.17. The business has a 50-day moving average of $46.55 and a 200-day moving average of $45.54.

Hedge Funds Weigh In On Putnam Focused Large Cap Growth ETF

A number of hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC acquired a new stake in Putnam Focused Large Cap Growth ETF during the fourth quarter valued at approximately $1,825,000. Cetera Investment Advisers grew its position in shares of 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 worth $16,621,000 after acquiring an additional 65,235 shares in the last quarter. RFG Advisory LLC acquired a new position in shares of Putnam Focused Large Cap Growth ETF in the 2nd quarter worth approximately $12,593,000. Next Level Private LLC increased its holdings in shares of Putnam Focused Large Cap Growth ETF by 30.3% in the 2nd quarter. Next Level Private LLC now owns 268,851 shares of the company’s stock valued at $12,813,000 after acquiring an additional 62,583 shares during the last quarter. Finally, Sequent Planning LLC increased its holdings in shares of Putnam Focused Large Cap Growth ETF by 29.3% in the 1st quarter. Sequent Planning LLC now owns 101,539 shares of the company’s stock valued at $4,091,000 after acquiring an additional 23,021 shares during the last quarter.

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.