Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 22,463 shares, a growth of 77.3% from the August 15th total of 12,671 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 10,328 shares, the days-to-cover ratio is currently 2.2 days.
Putnam Focused Large Cap Growth ETF Price Performance
PGRO stock traded up $0.14 during midday trading on Wednesday, reaching $46.07. The company had a trading volume of 4,724 shares, compared to its average volume of 27,737. Putnam Focused Large Cap Growth ETF has a 1 year low of $38.70 and a 1 year high of $49.39. The company has a market capitalization of $230.30 million, a P/E ratio of 38.61 and a beta of 1.17. The firm has a 50-day moving average price of $46.56 and a 200-day moving average price of $45.52.
Institutional Investors Weigh In On Putnam Focused Large Cap Growth ETF
A number of large investors have recently added to or reduced their stakes in PGRO. Cetera Investment Advisers increased its position in shares of Putnam Focused Large Cap Growth ETF by 18.8% during the 1st quarter. Cetera Investment Advisers now owns 412,528 shares of the company’s stock valued at $16,621,000 after purchasing an additional 65,235 shares during the last quarter. Next Level Private LLC lifted its position in Putnam Focused Large Cap Growth ETF by 30.3% in the 2nd quarter. Next Level Private LLC now owns 268,851 shares of the company’s stock worth $12,813,000 after buying an additional 62,583 shares during the last quarter. RFG Advisory LLC purchased a new stake in Putnam Focused Large Cap Growth ETF in the second quarter worth approximately $12,593,000. Sequent Planning LLC boosted its stake in Putnam Focused Large Cap Growth ETF by 29.3% in the first quarter. Sequent Planning LLC now owns 101,539 shares of the company’s stock worth $4,091,000 after buying an additional 23,021 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Putnam Focused Large Cap Growth ETF during the fourth quarter valued at approximately $1,825,000.
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.
See Also
- Five stocks we like better than Putnam Focused Large Cap Growth ETF
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
Receive News & Ratings for Putnam Focused Large Cap Growth 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 Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter.
