Putnam ESG Ultra Short ETF (NYSEARCA:PULT) Short Interest Up ∞ in May

Putnam ESG Ultra Short ETF (NYSEARCA:PULT) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 71,124 shares, a growth of ∞ from the May 14th total of 0 shares. Currently, 8.4% of the shares of the company are sold short. Based on an average trading volume of 15,365 shares, the days-to-cover ratio is currently 4.6 days.

Hedge Funds Weigh In On Putnam ESG Ultra Short ETF

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in Putnam ESG Ultra Short ETF by 103.7% during the third quarter. IFP Advisors Inc now owns 2,400 shares of the company’s stock valued at $122,000 after buying an additional 1,222 shares during the period. Bank of Montreal Can boosted its stake in Putnam ESG Ultra Short ETF by 489.0% during the fourth quarter. Bank of Montreal Can now owns 8,758 shares of the company’s stock valued at $443,000 after buying an additional 7,271 shares during the period. CacheTech Inc. bought a new stake in Putnam ESG Ultra Short ETF during the fourth quarter valued at $871,000. Jane Street Group LLC boosted its stake in Putnam ESG Ultra Short ETF by 64.4% during the second quarter. Jane Street Group LLC now owns 20,300 shares of the company’s stock valued at $1,029,000 after buying an additional 7,951 shares during the period. Finally, Cibc World Market Inc. boosted its stake in Putnam ESG Ultra Short ETF by 15.0% during the fourth quarter. Cibc World Market Inc. now owns 23,149 shares of the company’s stock valued at $1,172,000 after buying an additional 3,015 shares during the period.

Putnam ESG Ultra Short ETF Price Performance

NYSEARCA:PULT remained flat at $50.44 during trading hours on Monday. The company’s stock had a trading volume of 747 shares, compared to its average volume of 41,587. The stock has a 50-day moving average of $50.39 and a 200 day moving average of $50.54. Putnam ESG Ultra Short ETF has a twelve month low of $50.24 and a twelve month high of $50.84.

Putnam ESG Ultra Short ETF Company Profile

The Putnam ESG Ultra Short ETF (PULT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively invests in investment grade fixed income securities from around the world that meet certain environmental, social and governance criteria on a sector-specific basis.The fund expects to have an average weighted maturity of four years or less. PULT was launched on Jan 19, 2023 and is managed by Putnam.