Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Shares Shorted: Short Interest Up 209.9% in October

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 16,596 shares, a growth of 209.9% from the September 30th total of 5,356 shares. Based on an average daily volume of 10,347 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the company’s shares are sold short.

Putnam Focused Large Cap Growth ETF Stock Performance

PGRO opened at $45.47 on Friday. Putnam Focused Large Cap Growth ETF has a one year low of $38.70 and a one year high of $49.67. The stock has a market capitalization of $204.62 million, a PE ratio of 38.61 and a beta of 1.16. The business’s 50 day moving average price is $47.40 and its 200 day moving average price is $45.57.

Institutional Investors Weigh In On Putnam Focused Large Cap Growth ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in Putnam Focused Large Cap Growth ETF by 18.8% during the first quarter. Cetera Investment Advisers now owns 412,528 shares of the company’s stock worth $16,621,000 after purchasing an additional 65,235 shares in the last quarter. Next Level Private LLC grew its stake 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 buying an additional 62,583 shares in the last quarter. RFG Advisory LLC purchased a new stake in shares of Putnam Focused Large Cap Growth ETF in the 2nd quarter valued at $12,593,000. Envestnet Asset Management Inc. raised its holdings in shares of Putnam Focused Large Cap Growth ETF by 104.8% in the 2nd 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. Finally, Allworth Financial LP acquired a new position in Putnam Focused Large Cap Growth ETF during the 2nd quarter worth about $238,000.

About Putnam Focused Large Cap Growth ETF

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.