Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO – Get Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 10,179 shares, an increase of 61.8% from the July 15th total of 6,292 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 179,281 shares, the days-to-cover ratio is presently 0.1 days.
Putnam Focused Large Cap Growth ETF Stock Down 0.2%
Shares of PGRO traded down $0.09 during midday trading on Monday, hitting $47.75. The company’s stock had a trading volume of 4,467 shares, compared to its average volume of 30,031. Putnam Focused Large Cap Growth ETF has a one year low of $38.70 and a one year high of $49.39. The stock has a market capitalization of $214.88 million, a price-to-earnings ratio of 38.61 and a beta of 1.17. The company’s fifty day simple moving average is $46.59 and its two-hundred day simple moving average is $45.00.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of PGRO. Royal Bank of Canada lifted its stake in shares of Putnam Focused Large Cap Growth ETF by 496.8% in the 4th quarter. Royal Bank of Canada now owns 6,081 shares of the company’s stock valued at $271,000 after acquiring an additional 5,062 shares during the last quarter. MGO One Seven LLC bought a new stake in Putnam Focused Large Cap Growth ETF during the 4th quarter worth $1,580,000. HighTower Advisors LLC acquired a new position in Putnam Focused Large Cap Growth ETF in the 4th quarter worth about $1,825,000. Benjamin Edwards Inc. increased its holdings in Putnam Focused Large Cap Growth ETF by 21.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 69,943 shares of the company’s stock worth $2,874,000 after purchasing an additional 12,567 shares in the last quarter. Finally, Sequent Planning LLC raised its position in Putnam Focused Large Cap Growth ETF by 35.0% in 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.
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