Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Short Interest Up 61.5% in March

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 33,722 shares, an increase of 61.5% from the February 26th total of 20,878 shares. Based on an average daily volume of 11,232 shares, the short-interest ratio is presently 3.0 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Riverwater Partners LLC raised its stake 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 acquiring an additional 4,773 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Putnam ESG Core Bond ETF in the third quarter worth $36,000. Franklin Resources Inc. boosted its position in Putnam ESG Core Bond ETF by 5.4% during the third quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock valued at $838,643,000 after buying an additional 868,774 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Putnam ESG Core Bond ETF during the third quarter valued at about $1,303,000. Finally, Susquehanna International Group LLP bought a new position in shares of Putnam ESG Core Bond ETF during the third quarter valued at about $10,145,000.

Putnam ESG Core Bond ETF Trading Down 0.0%

Shares of Putnam ESG Core Bond ETF stock traded down $0.01 during trading on Friday, hitting $46.39. The stock had a trading volume of 352 shares, compared to its average volume of 217,530. Putnam ESG Core Bond ETF has a 12 month low of $46.39 and a 12 month high of $50.08. The business’s 50-day moving average is $48.47 and its 200 day moving average is $49.15.

Putnam ESG Core Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $2.5169 dividend. This represents a c) annualized dividend and a dividend yield of 65.1%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11.

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.