Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,012,859 shares, a growth of 368.3% from the June 15th total of 216,274 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,666,674 shares, the short-interest ratio is presently 0.6 days.
Putnam Focused Large Cap Value ETF Stock Performance
NYSEARCA PVAL traded up $0.05 during mid-day trading on Monday, reaching $51.87. 1,286,297 shares of the stock were exchanged, compared to its average volume of 1,599,904. The stock has a market capitalization of $12.33 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1-year low of $39.71 and a 1-year high of $52.13. The business’s fifty day simple moving average is $50.74 and its 200 day simple moving average is $48.55.
Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF
Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. acquired a new position in Putnam Focused Large Cap Value ETF in the first quarter valued at $27,000. Parkside Financial Bank & Trust acquired a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter worth about $52,000. MCF Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $53,000. Global Retirement Partners LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $58,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at about $62,000.
Putnam Focused Large Cap Value ETF Company Profile
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.
Featured Stories
- Five stocks we like better than Putnam Focused Large Cap Value ETF
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Receive News & Ratings for Putnam Focused Large Cap Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Focused Large Cap Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.
