Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Short Interest Update

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 134 shares, a drop of 98.7% from the November 30th total of 10,622 shares. Based on an average daily volume of 14,282 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 14,282 shares, the days-to-cover ratio is presently 0.0 days.

Putnam ESG Core Bond ETF Stock Performance

PCRB stock traded up $0.01 during midday trading on Friday, reaching $49.38. 51,853 shares of the company’s stock traded hands, compared to its average volume of 18,769. The firm’s fifty day moving average price is $49.53 and its 200-day moving average price is $49.20. Putnam ESG Core Bond ETF has a 52 week low of $47.47 and a 52 week high of $50.08.

Putnam ESG Core Bond ETF Increases Dividend

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

Institutional Trading of Putnam ESG Core Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in shares of Putnam ESG Core Bond ETF by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock worth $838,643,000 after buying an additional 868,774 shares during the last quarter. Jane Street Group LLC boosted its stake in Putnam ESG Core Bond ETF by 1,753.6% in the first quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock valued at $14,692,000 after acquiring an additional 284,581 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Putnam ESG Core Bond ETF in the third quarter valued at about $10,145,000. Riverwater Partners LLC grew its position in shares of Putnam ESG Core Bond ETF by 9.3% during the 3rd quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock valued at $2,764,000 after acquiring an additional 4,773 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Putnam ESG Core Bond ETF during the 3rd quarter worth approximately $1,303,000.

About Putnam ESG Core Bond ETF

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.