Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Large Decline in Short Interest

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 744 shares, a drop of 37.4% from the December 31st total of 1,189 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 15,459 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 15,459 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in shares of Putnam ESG Core Bond ETF by 10.2% during the second quarter. Franklin Resources Inc. now owns 16,106,090 shares of the company’s stock valued at $788,559,000 after buying an additional 1,492,438 shares during the last quarter. Susquehanna International Group LLP bought a new position in Putnam ESG Core Bond ETF during the third quarter valued at about $10,145,000. Flow Traders U.S. LLC bought a new position in Putnam ESG Core Bond ETF during the third quarter valued at about $1,303,000. Riverwater Partners LLC raised its holdings in Putnam ESG Core Bond ETF by 63.9% in the 2nd quarter. Riverwater Partners LLC now owns 51,178 shares of the company’s stock valued at $2,506,000 after acquiring an additional 19,952 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Putnam ESG Core Bond ETF in the 3rd quarter worth approximately $36,000.

Putnam ESG Core Bond ETF Price Performance

PCRB stock opened at $49.41 on Friday. The firm has a 50 day moving average of $49.42 and a two-hundred day moving average of $49.33. Putnam ESG Core Bond ETF has a 12 month low of $47.66 and a 12 month high of $50.08.

Putnam ESG Core Bond ETF Increases Dividend

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

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.