Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Sees Significant Drop in Short Interest

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 457,983 shares, a decrease of 54.8% from the June 30th total of 1,012,859 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,719,983 shares, the short-interest ratio is currently 0.3 days.

Putnam Focused Large Cap Value ETF Stock Up 0.8%

Shares of Putnam Focused Large Cap Value ETF stock traded up $0.43 during trading on Tuesday, reaching $53.00. The company’s stock had a trading volume of 1,682,708 shares, compared to its average volume of 1,655,562. The business has a 50 day moving average price of $51.24 and a 200-day moving average price of $48.98. Putnam Focused Large Cap Value ETF has a 12-month low of $39.71 and a 12-month high of $53.16. The company has a market capitalization of $12.93 billion, a P/E ratio of 17.86 and a beta of 0.84.

Hedge Funds Weigh In On Putnam Focused Large Cap Value ETF

A number of large investors have recently made changes to their positions in PVAL. Bank of America Corp DE lifted its position in shares of Putnam Focused Large Cap Value ETF by 48.4% during the 1st quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock valued at $1,666,439,000 after acquiring an additional 11,707,304 shares during the period. Morgan Stanley increased its stake in Putnam Focused Large Cap Value ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after purchasing an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers raised its holdings in Putnam Focused Large Cap Value ETF by 27.6% during the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after purchasing an additional 1,484,571 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in Putnam Focused Large Cap Value ETF by 17.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after purchasing an additional 1,009,485 shares in the last quarter. Finally, Bleakley Financial Group LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter worth $35,501,000.

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.