Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 195,597 shares, a decline of 44.3% from the September 30th total of 351,464 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,769,064 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Trading of Putnam Focused Large Cap Value ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF in the 1st quarter worth approximately $27,000. Next Level Wealth Planning LLC bought a new position in Putnam Focused Large Cap Value ETF in the third quarter worth $34,000. Arvest Investments Inc. purchased a new position in Putnam Focused Large Cap Value ETF during the third quarter valued at $57,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 valued at $72,000 after buying an additional 748 shares in the last quarter. Finally, Community Bank N.A. bought a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at approximately $79,000.
Putnam Focused Large Cap Value ETF Trading Down 0.2%
NYSEARCA PVAL traded down $0.11 during trading on Friday, hitting $54.72. The company had a trading volume of 2,094,371 shares, compared to its average volume of 1,661,708. The company’s fifty day moving average is $53.82 and its 200-day moving average is $50.68. Putnam Focused Large Cap Value ETF has a one year low of $42.76 and a one year high of $54.85. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84.
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.
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