Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Short Interest Up 368.3% in June

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,012,859 shares, a growth of 368.3% from the June 15th total of 216,274 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,666,674 shares, the short-interest ratio is presently 0.6 days.

Putnam Focused Large Cap Value ETF Trading Up 0.1%

PVAL stock opened at $51.87 on Tuesday. The firm’s 50-day moving average price is $50.74 and its two-hundred day moving average price is $48.55. Putnam Focused Large Cap Value ETF has a 12-month low of $39.71 and a 12-month high of $52.13. The stock has a market capitalization of $12.33 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84.

Institutional Trading of Putnam Focused Large Cap Value ETF

Large investors have recently modified their holdings of the business. Processus Wealth & Capital Management LLC increased its holdings in Putnam Focused Large Cap Value ETF by 7.5% during the 2nd quarter. Processus Wealth & Capital Management LLC now owns 14,486 shares of the company’s stock valued at $738,000 after purchasing an additional 1,011 shares during the period. Redhawk Wealth Advisors Inc. lifted its holdings in Putnam Focused Large Cap Value ETF by 2.9% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 386,316 shares of the company’s stock worth $19,683,000 after buying an additional 11,020 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Putnam Focused Large Cap Value ETF by 36.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,400 shares of the company’s stock worth $683,000 after buying an additional 3,561 shares during the period. Wealthcare Advisory Partners LLC grew its position in shares of Putnam Focused Large Cap Value ETF by 92.0% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 58,677 shares of the company’s stock worth $2,990,000 after buying an additional 28,115 shares during the last quarter. Finally, First Bank & Trust bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter worth approximately $496,000.

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.