Putnam ESG High Yield ETF (NYSEARCA:PHYD) Short Interest Up 257.0% in May

Putnam ESG High Yield ETF (NYSEARCA:PHYD) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,171 shares, an increase of 257.0% from the May 14th total of 328 shares. Based on an average trading volume of 6,427 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.8% of the company’s shares are sold short.

Putnam ESG High Yield ETF Price Performance

PHYD remained flat at $50.85 during trading hours on Friday. The company had a trading volume of 108 shares, compared to its average volume of 42,788. The company’s 50-day moving average price is $50.93 and its 200-day moving average price is $51.44. The firm has a market capitalization of $7.63 million, a price-to-earnings ratio of 4.98 and a beta of 0.28. Putnam ESG High Yield ETF has a one year low of $49.56 and a one year high of $52.70.

Institutional Investors Weigh In On Putnam ESG High Yield ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PHYD. Franklin Resources Inc. raised its position in Putnam ESG High Yield ETF by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 4,237,223 shares of the company’s stock valued at $220,775,000 after purchasing an additional 279,697 shares in the last quarter. Jane Street Group LLC raised its position 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 valued at $2,673,000 after purchasing an additional 15,085 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in Putnam ESG High Yield ETF during the 4th quarter valued at $464,000. Finally, Bank of Montreal Can raised its position 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 valued at $3,622,000 after purchasing an additional 700 shares in the last quarter.

Putnam ESG High Yield ETF Company Profile

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.