Short Interest in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Drops By 51.3%

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 255,644 shares, a decrease of 51.3% from the April 30th total of 524,457 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,586,459 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

Several large investors have recently made changes to their positions in PVAL. Blue Trust Inc. acquired a new stake in Putnam Focused Large Cap Value ETF during the 1st quarter valued at $27,000. Parkside Financial Bank & Trust acquired a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter valued at $52,000. MCF Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter valued at $53,000. Global Retirement Partners LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter valued at $58,000. Finally, International Assets Investment Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter valued at $62,000.

Putnam Focused Large Cap Value ETF Stock Up 0.1%

Shares of NYSEARCA PVAL traded up $0.06 during trading hours on Wednesday, hitting $50.91. The company had a trading volume of 857,481 shares, compared to its average volume of 1,565,465. The stock has a market capitalization of $10.35 billion, a P/E ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a 1-year low of $38.42 and a 1-year high of $50.94. The firm’s 50 day moving average is $48.55 and its 200-day moving average is $47.13.

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.