Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Short Interest Up 93.8% in July

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 887,448 shares, an increase of 93.8% from the July 15th total of 457,983 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,223,154 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of Putnam Focused Large Cap Value ETF by 48.4% during the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock valued at $1,666,439,000 after purchasing an additional 11,707,304 shares in the last quarter. Morgan Stanley increased its position in Putnam Focused Large Cap Value ETF by 24.9% during the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after acquiring an additional 1,906,373 shares during the last quarter. Cetera Investment Advisers grew its holdings in Putnam Focused Large Cap Value ETF by 27.6% during the 4th quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock valued at $312,333,000 after purchasing an additional 1,484,571 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Putnam Focused Large Cap Value ETF by 17.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after buying an additional 1,009,485 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new position in Putnam Focused Large Cap Value ETF in the 4th quarter valued at $35,501,000.

Putnam Focused Large Cap Value ETF Trading Down 0.7%

NYSEARCA PVAL opened at $54.20 on Tuesday. The company’s 50 day moving average is $52.29 and its two-hundred day moving average is $49.73. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 12 month low of $41.08 and a 12 month high of $54.63.

About Putnam Focused Large Cap Value ETF

The Putnam Focused Large Cap Value ETF (PVAL) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed, non-transparent ETF that provides exposure to large-cap value companies in the US. The fund utilizes the Fidelity non-transparent model. PVAL was launched on May 25, 2021 and is managed by Putnam.