Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Shares Shorted: Short Interest Down 66.4% in September

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,356 shares, a drop of 66.4% from the September 15th total of 15,950 shares. Based on an average trading volume of 110,076 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in shares of Putnam Focused Large Cap Growth ETF by 104.8% during the second quarter. Envestnet Asset Management Inc. now owns 15,708 shares of the company’s stock valued at $749,000 after buying an additional 8,037 shares during the period. RFG Advisory LLC purchased a new stake in shares of Putnam Focused Large Cap Growth ETF in the second quarter worth about $12,593,000. Allworth Financial LP bought a new position in shares of Putnam Focused Large Cap Growth ETF in the second quarter valued at approximately $238,000. Next Level Private LLC boosted its position in shares of Putnam Focused Large Cap Growth ETF by 30.3% in the second 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 period. Finally, Cetera Investment Advisers boosted its position in shares of Putnam Focused Large Cap Growth ETF by 18.8% in the first quarter. Cetera Investment Advisers now owns 412,528 shares of the company’s stock valued at $16,621,000 after acquiring an additional 65,235 shares during the period.

Putnam Focused Large Cap Growth ETF Trading Up 0.0%

Shares of NYSEARCA PGRO traded up $0.01 during mid-day trading on Tuesday, hitting $48.94. The company had a trading volume of 4,979 shares, compared to its average volume of 31,506. The company has a market capitalization of $221.70 million, a price-to-earnings ratio of 38.61 and a beta of 1.16. Putnam Focused Large Cap Growth ETF has a 1 year low of $38.70 and a 1 year high of $49.67. The stock’s 50-day moving average price is $47.51 and its 200-day moving average price is $46.43.

Putnam Focused Large Cap Growth ETF Company Profile

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.