Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Short Interest Down 68.0% in July

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 6,292 shares, a decline of 68.0% from the June 30th total of 19,656 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 14,006 shares, the days-to-cover ratio is currently 0.4 days.

Putnam Focused Large Cap Growth ETF Trading Down 0.9%

Shares of PGRO opened at $44.93 on Friday. The stock has a market capitalization of $108.73 million, a price-to-earnings ratio of 38.61 and a beta of 1.17. Putnam Focused Large Cap Growth ETF has a 12 month low of $38.70 and a 12 month high of $49.39. The firm has a fifty day simple moving average of $47.06 and a 200 day simple moving average of $44.72.

Hedge Funds Weigh In On Putnam Focused Large Cap Growth ETF

A number of large investors have recently modified their holdings of the business. Smith Moore & CO. grew its holdings in shares of Putnam Focused Large Cap Growth ETF by 15.4% in the 4th quarter. Smith Moore & CO. now owns 7,609 shares of the company’s stock valued at $340,000 after acquiring an additional 1,017 shares in the last quarter. Royal Bank of Canada raised its holdings in Putnam Focused Large Cap Growth ETF by 496.8% during the fourth quarter. Royal Bank of Canada now owns 6,081 shares of the company’s stock worth $271,000 after acquiring an additional 5,062 shares in the last quarter. Prosperity Financial Group Inc. raised its holdings in Putnam Focused Large Cap Growth ETF by 4.1% during the third quarter. Prosperity Financial Group Inc. now owns 132,429 shares of the company’s stock worth $5,887,000 after acquiring an additional 5,163 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Putnam Focused Large Cap Growth ETF by 21.9% during the second quarter. Benjamin Edwards Inc. now owns 69,943 shares of the company’s stock valued at $2,874,000 after purchasing an additional 12,567 shares during the last quarter. Finally, Sequent Planning LLC boosted its position in Putnam Focused Large Cap Growth ETF by 35.0% during the fourth quarter. Sequent Planning LLC now owns 78,518 shares of the company’s stock valued at $3,506,000 after purchasing an additional 20,342 shares during the last quarter.

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.