Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Short Interest Up 61.8% in July

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 10,179 shares, a growth of 61.8% from the July 15th total of 6,292 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 179,281 shares, the short-interest ratio is currently 0.1 days.

Putnam Focused Large Cap Growth ETF Stock Performance

Putnam Focused Large Cap Growth ETF stock traded down $0.75 during midday trading on Tuesday, hitting $47.00. 13,292 shares of the company’s stock were exchanged, compared to its average volume of 29,924. The company has a market cap of $211.50 million, a P/E ratio of 38.61 and a beta of 1.17. The stock has a 50-day moving average price of $46.59 and a two-hundred day moving average price of $45.00. Putnam Focused Large Cap Growth ETF has a 52-week low of $38.70 and a 52-week high of $49.39.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position 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 valued at $271,000 after purchasing an additional 5,062 shares during the last quarter. Prosperity Financial Group Inc. increased its holdings in shares of Putnam Focused Large Cap Growth ETF by 4.1% in the 3rd quarter. Prosperity Financial Group Inc. now owns 132,429 shares of the company’s stock worth $5,887,000 after buying an additional 5,163 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of Putnam Focused Large Cap Growth ETF by 21.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 69,943 shares of the company’s stock valued at $2,874,000 after buying an additional 12,567 shares in the last quarter. Sequent Planning LLC raised its position in shares of Putnam Focused Large Cap Growth ETF by 35.0% during the 4th quarter. Sequent Planning LLC now owns 78,518 shares of the company’s stock valued at $3,506,000 after buying an additional 20,342 shares in the last quarter. Finally, MGO One Seven LLC bought a new stake in shares of Putnam Focused Large Cap Growth ETF during the 4th quarter worth $1,580,000.

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.