Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Short Interest Down 72.2% in February

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 3,265 shares, a drop of 72.2% from the February 12th total of 11,740 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,673,501 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 1,673,501 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Putnam Sustainable Leaders ETF Price Performance

PLDR remained flat at $35.25 during trading on Wednesday. 6,941 shares of the company’s stock were exchanged, compared to its average volume of 340,881. The firm has a fifty day moving average of $36.55 and a two-hundred day moving average of $36.46. The firm has a market cap of $794.89 million, a price-to-earnings ratio of 28.96 and a beta of 1.06. Putnam Sustainable Leaders ETF has a 12-month low of $26.61 and a 12-month high of $37.85.

Putnam Sustainable Leaders ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were given a dividend of $0.1386 per share. This represents a dividend yield of 37.0%. The ex-dividend date was Friday, December 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bailard Inc. boosted its holdings in shares of Putnam Sustainable Leaders ETF by 3.5% in the second quarter. Bailard Inc. now owns 60,503 shares of the company’s stock valued at $2,043,000 after buying an additional 2,022 shares during the period. Bond & Devick Financial Network Inc. increased its position in Putnam Sustainable Leaders ETF by 14.6% during the third quarter. Bond & Devick Financial Network Inc. now owns 42,374 shares of the company’s stock worth $1,520,000 after buying an additional 5,389 shares during the last quarter. Franklin Resources Inc. raised its stake in Putnam Sustainable Leaders ETF by 4.0% in the 3rd quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock worth $783,263,000 after purchasing an additional 831,613 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Putnam Sustainable Leaders ETF by 232.9% in the 3rd quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock valued at $756,000 after purchasing an additional 14,733 shares during the period. Finally, Royal Bank of Canada acquired a new position in shares of Putnam Sustainable Leaders ETF during the 4th quarter worth approximately $728,000.

About Putnam Sustainable Leaders ETF

The Putnam Sustainable Leaders ETF (PLDR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent fund with exposure to US companies selected for their commitment to sustainable business practices. The fund utilizes the Fidelity non-transparent model. PLDR was launched on May 25, 2021 and is managed by Putnam.