Putnam ESG High Yield ETF (NYSEARCA:PHYD) Sees Large Decline in Short Interest

Putnam ESG High Yield ETF (NYSEARCA:PHYD) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 328 shares, a decline of 36.8% from the April 30th total of 519 shares. Based on an average daily volume of 262 shares, the short-interest ratio is presently 1.3 days. Currently, 0.2% of the shares of the stock are sold short.

Putnam ESG High Yield ETF Stock Down 0.4%

Shares of Putnam ESG High Yield ETF stock opened at $50.78 on Thursday. Putnam ESG High Yield ETF has a twelve month low of $49.56 and a twelve month high of $52.70. The business has a 50-day moving average price of $50.80 and a 200 day moving average price of $51.49. The firm has a market cap of $7.62 million, a PE ratio of 4.98 and a beta of 0.29.

Hedge Funds Weigh In On Putnam ESG High Yield ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Advisor Solutions LLC purchased a new position in shares of Putnam ESG High Yield ETF in the 4th quarter valued at about $464,000. Jane Street Group LLC increased its stake in Putnam ESG High Yield ETF by 41.5% during the 2nd quarter. Jane Street Group LLC now owns 51,408 shares of the company’s stock worth $2,673,000 after buying an additional 15,085 shares in the last quarter. Bank of Montreal Can increased its stake in Putnam ESG High Yield ETF by 1.0% during the 4th quarter. Bank of Montreal Can now owns 69,520 shares of the company’s stock worth $3,622,000 after buying an additional 700 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Putnam ESG High Yield ETF by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,957,526 shares of the company’s stock worth $206,773,000 after buying an additional 177,382 shares in the last quarter.

About Putnam ESG High Yield ETF

The Putnam ESG High Yield ETF (PHYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in long- and intermediate-term US high-yield corporate bonds that meet certain environmental, social and governance criteria on a sector-specific basis. PHYD was launched on Jan 19, 2023 and is managed by Putnam.