Short Interest in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Decreases By 78.8%

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) saw a significant 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. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,537,123 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE increased 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 purchasing an additional 11,707,304 shares in the last quarter. Morgan Stanley raised its stake in Putnam Focused Large Cap Value ETF by 24.9% during the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after purchasing an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers grew its position in Putnam Focused Large Cap Value ETF by 27.6% in the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after acquiring an additional 1,484,571 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 17.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after purchasing an additional 1,009,485 shares during the period. Finally, Bleakley Financial Group LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $35,501,000.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA PVAL opened at $54.48 on Wednesday. The stock has a market capitalization of $13.75 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1-year low of $41.39 and a 1-year high of $54.70. The business’s fifty day moving average price is $52.67 and its 200-day moving average price is $50.01.

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.