Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Short Interest Update

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 11,908 shares, a decrease of 42.8% from the May 14th total of 20,834 shares. Based on an average daily trading volume, of 6,746 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.5% of the shares of the company are sold short.

Putnam Focused Large Cap Growth ETF Price Performance

NYSEARCA PGRO traded down $0.43 on Tuesday, reaching $47.45. The stock had a trading volume of 7,746 shares, compared to its average volume of 16,338. The firm has a fifty day moving average of $46.34 and a two-hundred day moving average of $44.38. Putnam Focused Large Cap Growth ETF has a 1-year low of $38.70 and a 1-year high of $49.39. The company has a market cap of $111.51 million, a P/E ratio of 38.61 and a beta of 1.17.

Institutional Trading of Putnam Focused Large Cap Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its position in Putnam Focused Large Cap Growth ETF by 496.8% in the fourth quarter. Royal Bank of Canada now owns 6,081 shares of the company’s stock valued at $271,000 after purchasing an additional 5,062 shares during the last quarter. Smith Moore & CO. bought a new position in Putnam Focused Large Cap Growth ETF in the third quarter valued at about $293,000. MGO One Seven LLC bought a new position in Putnam Focused Large Cap Growth ETF in the fourth quarter valued at about $1,580,000. HighTower Advisors LLC bought a new position in Putnam Focused Large Cap Growth ETF in the fourth quarter valued at about $1,825,000. Finally, Sequent Planning LLC bought a new position in Putnam Focused Large Cap Growth ETF in the third quarter valued at about $2,586,000.

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.