Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Stock Short Interest Jumps 333.2%

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 782,685 shares, a growth of 333.2% from the August 31st total of 180,670 shares. Based on an average daily trading volume, of 1,642,387 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF during the first quarter worth about $27,000. MCF Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter valued at approximately $53,000. Global Retirement Partners LLC bought a new position in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $58,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Putnam Focused Large Cap Value ETF by 113.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,406 shares of the company’s stock worth $72,000 after buying an additional 748 shares during the last quarter. Finally, Signature Equity Partners LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 1st quarter worth approximately $75,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA:PVAL traded up $0.39 during midday trading on Friday, reaching $53.40. The company had a trading volume of 564,824 shares, compared to its average volume of 1,625,693. The stock’s fifty day moving average price is $53.68 and its 200-day moving average price is $50.86. The stock has a market capitalization of $14.31 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a one year low of $41.58 and a one year high of $54.70.

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.