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

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) saw a large 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 trading volume, of 1,769,064 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Putnam Focused Large Cap Value ETF

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Putnam Focused Large Cap Value ETF by 48.4% in the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock worth $1,666,439,000 after buying an additional 11,707,304 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 21.6% in the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock worth $386,844,000 after buying an additional 1,483,240 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Putnam Focused Large Cap Value ETF by 11.4% in the 1st quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after purchasing an additional 734,798 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 16.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock valued at $275,167,000 after buying an additional 762,099 shares in the last quarter. Finally, Modern Wealth Management LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 16.1% in the first quarter. Modern Wealth Management LLC now owns 2,304,807 shares of the company’s stock worth $107,335,000 after purchasing an additional 319,556 shares in the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 0.2%

NYSEARCA:PVAL traded down $0.11 during trading hours on Friday, reaching $54.72. 2,094,371 shares of the company traded hands, compared to its average volume of 1,661,708. The business’s 50-day moving average price is $53.82 and its two-hundred day moving average price is $50.68. Putnam Focused Large Cap Value ETF has a 1 year low of $42.76 and a 1 year high of $54.85. The stock has a market capitalization of $15.41 billion, a P/E ratio of 17.86 and a beta of 0.84.

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.