Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 16,596 shares, a growth of 209.9% from the September 30th total of 5,356 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 10,347 shares, the short-interest ratio is currently 1.6 days.
Putnam Focused Large Cap Growth ETF Stock Down 1.2%
NYSEARCA PGRO opened at $46.59 on Thursday. The stock has a market cap of $209.66 million, a PE ratio of 38.61 and a beta of 1.16. Putnam Focused Large Cap Growth ETF has a fifty-two week low of $38.70 and a fifty-two week high of $49.67. The business has a 50 day moving average price of $47.42 and a two-hundred day moving average price of $45.55.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. RFG Advisory LLC bought a new stake in shares of Putnam Focused Large Cap Growth ETF in the 2nd quarter worth approximately $12,593,000. Cetera Investment Advisers boosted its position in 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 period. Next Level Private LLC grew its stake in Putnam Focused Large Cap Growth ETF by 30.3% during 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. Envestnet Asset Management Inc. grew its stake in Putnam Focused Large Cap Growth ETF by 104.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 15,708 shares of the company’s stock worth $749,000 after buying an additional 8,037 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in Putnam Focused Large Cap Growth ETF in the second quarter worth $238,000.
Putnam Focused Large Cap Growth ETF Company Profile
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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