Short Interest in Putnam BDC Income ETF (NYSEARCA:PBDC) Decreases By 69.8%

Putnam BDC Income ETF (NYSEARCA:PBDC) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 108,068 shares, a decrease of 69.8% from the August 15th total of 358,400 shares. Based on an average daily volume of 65,462 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Putnam BDC Income ETF

Several large investors have recently added to or reduced their stakes in PBDC. EverSource Wealth Advisors LLC bought a new position in Putnam BDC Income ETF in the 4th quarter worth about $31,000. Citadel Advisors LLC bought a new stake in shares of Putnam BDC Income ETF during the 2nd quarter valued at about $205,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Putnam BDC Income ETF by 11,626.9% during the second quarter. Legacy Wealth Managment LLC ID now owns 7,857 shares of the company’s stock worth $214,000 after purchasing an additional 7,790 shares in the last quarter. Allworth Financial LP increased its position in shares of Putnam BDC Income ETF by 410.0% in the fourth quarter. Allworth Financial LP now owns 10,200 shares of the company’s stock worth $312,000 after purchasing an additional 8,200 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Putnam BDC Income ETF by 3.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 18,122 shares of the company’s stock worth $493,000 after purchasing an additional 608 shares during the last quarter.

Putnam BDC Income ETF Price Performance

NYSEARCA:PBDC traded up $0.04 during trading hours on Monday, hitting $27.55. The stock had a trading volume of 45,509 shares, compared to its average volume of 130,955. The company has a 50 day simple moving average of $27.46 and a two-hundred day simple moving average of $27.36. The firm has a market capitalization of $295.61 million, a price-to-earnings ratio of 10.61 and a beta of 0.53. Putnam BDC Income ETF has a one year low of $25.94 and a one year high of $33.63.

Putnam BDC Income ETF Company Profile

The Putnam BDC Income ETF (PBDC) is an exchange-traded fund that mostly invests in financials equity. The fund is actively managed to hold a portfolio of US business development companies (BDCs) whose principal business is to invest in, lend capital to, or provide services to privately held or thinly traded US companies. PBDC was launched on Sep 29, 2022 and is managed by Putnam.