Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Short Interest Update

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 11,908 shares, a drop of 42.8% from the May 14th total of 20,834 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 6,746 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of Putnam Focused Large Cap Growth ETF

Large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in shares of Putnam Focused Large Cap Growth ETF by 496.8% during the 4th quarter. Royal Bank of Canada now owns 6,081 shares of the company’s stock worth $271,000 after buying an additional 5,062 shares during the period. Smith Moore & CO. acquired a new stake in shares of Putnam Focused Large Cap Growth ETF during the 3rd quarter worth approximately $293,000. MGO One Seven LLC acquired a new stake in shares of Putnam Focused Large Cap Growth ETF during the 4th quarter worth approximately $1,580,000. HighTower Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Growth ETF during the 4th quarter worth approximately $1,825,000. Finally, Sequent Planning LLC acquired a new stake in shares of Putnam Focused Large Cap Growth ETF during the 3rd quarter worth approximately $2,586,000.

Putnam Focused Large Cap Growth ETF Stock Up 0.2%

Shares of PGRO stock opened at $46.66 on Friday. The company has a market cap of $109.65 million, a price-to-earnings ratio of 38.61 and a beta of 1.17. Putnam Focused Large Cap Growth ETF has a 52 week low of $38.70 and a 52 week high of $49.39. The firm has a 50 day moving average of $46.06 and a 200-day moving average of $44.34.

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.