Putnam BDC Income ETF (NYSEARCA:PBDC) Short Interest Down 69.8% in August

Putnam BDC Income ETF (NYSEARCA:PBDC) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 108,068 shares, a decline of 69.8% from the August 15th total of 358,400 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 65,462 shares, the short-interest ratio is currently 1.7 days.

Putnam BDC Income ETF Price Performance

NYSEARCA:PBDC traded up $0.13 during mid-day trading on Friday, hitting $27.51. The company’s stock had a trading volume of 42,950 shares, compared to its average volume of 131,447. Putnam BDC Income ETF has a 1 year low of $25.94 and a 1 year high of $33.81. The stock has a market cap of $295.18 million, a price-to-earnings ratio of 10.61 and a beta of 0.53. The business’s fifty day moving average is $27.46 and its two-hundred day moving average is $27.36.

Institutional Trading of Putnam BDC Income ETF

Hedge funds have recently modified their holdings of the stock. RFG Advisory LLC boosted its stake in shares of Putnam BDC Income ETF by 2.2% in the second quarter. RFG Advisory LLC now owns 48,155 shares of the company’s stock worth $1,310,000 after buying an additional 1,052 shares during the last quarter. NewEdge Advisors LLC raised its position in Putnam BDC Income ETF by 16.0% during the second quarter. NewEdge Advisors LLC now owns 77,124 shares of the company’s stock valued at $2,099,000 after acquiring an additional 10,655 shares in the last quarter. Citadel Advisors LLC acquired a new position in Putnam BDC Income ETF in the second quarter valued at approximately $205,000. Corient Private Wealth LP lifted its holdings in Putnam BDC Income ETF by 31.5% in the second quarter. Corient Private Wealth LP now owns 108,912 shares of the company’s stock valued at $2,963,000 after acquiring an additional 26,108 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its holdings in Putnam BDC Income ETF by 11,626.9% in the second quarter. Legacy Wealth Managment LLC ID now owns 7,857 shares of the company’s stock valued at $214,000 after acquiring an additional 7,790 shares during the period.

About Putnam BDC Income ETF

The Putnam BDC Income ETF (PBDC) is an exchange-traded fund that mostly invests in financials equity. The fund is actively managed to hold a portfolio of US business development companies (BDCs) whose principal business is to invest in, lend capital to, or provide services to privately held or thinly traded US companies. PBDC was launched on Sep 29, 2022 and is managed by Putnam.