Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 887,448 shares, an increase of 93.8% from the July 15th total of 457,983 shares. Based on an average daily volume of 2,223,154 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the first quarter valued at about $27,000. Parkside Financial Bank & Trust acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth about $52,000. MCF Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $53,000. Global Retirement Partners LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $58,000. Finally, International Assets Investment Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at approximately $62,000.
Putnam Focused Large Cap Value ETF Price Performance
Shares of NYSEARCA PVAL traded down $0.38 during trading hours on Monday, hitting $54.20. 1,146,680 shares of the stock were exchanged, compared to its average volume of 1,644,092. The company’s 50 day moving average is $52.21 and its 200 day moving average is $49.68. The firm has a market capitalization of $13.68 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a one year low of $41.08 and a one year high of $54.63.
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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