Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Short Interest Up 787.3% in December

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 1,189 shares, an increase of 787.3% from the December 15th total of 134 shares. Based on an average daily trading volume, of 35,982 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 35,982 shares, the days-to-cover ratio is currently 0.0 days.

Putnam ESG Core Bond ETF Price Performance

Shares of PCRB stock traded down $0.04 during mid-day trading on Wednesday, hitting $49.48. The company had a trading volume of 21,911 shares, compared to its average volume of 15,346. The stock’s 50 day moving average price is $49.44 and its 200-day moving average price is $49.28. Putnam ESG Core Bond ETF has a 52-week low of $47.63 and a 52-week high of $50.08.

Putnam ESG Core Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were paid a $0.197 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of Putnam ESG Core Bond ETF by 5.4% in the third quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock worth $838,643,000 after buying an additional 868,774 shares during the period. Jane Street Group LLC grew its position in Putnam ESG Core Bond ETF by 1,753.6% in the 1st quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock valued at $14,692,000 after acquiring an additional 284,581 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Putnam ESG Core Bond ETF in the third quarter worth $10,145,000. Riverwater Partners LLC lifted its position in shares of Putnam ESG Core Bond ETF by 9.3% during the third quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock worth $2,764,000 after purchasing an additional 4,773 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Putnam ESG Core Bond ETF during the third quarter valued at $1,303,000.

Putnam ESG Core Bond ETF Company Profile

The Putnam ESG Core Bond ETF (PCRB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund broadly invests in investment grade US fixed income securities that meet certain environmental, social and governance criteria on a sector-specific basis. The actively managed targets bonds with maturities of three years or more. PCRB was launched on Jan 19, 2023 and is managed by Putnam.