Putnam BDC Income ETF (NYSEARCA:PBDC) Short Interest Down 69.8% in August

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

Hedge Funds Weigh In On Putnam BDC Income ETF

A number of large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC acquired a new position in shares of Putnam BDC Income ETF in the 4th quarter valued at $31,000. Citadel Advisors LLC acquired a new stake in shares of Putnam BDC Income ETF during the 2nd quarter worth $205,000. Legacy Wealth Managment LLC ID raised its position in shares of Putnam BDC Income ETF by 11,626.9% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 7,857 shares of the company’s stock worth $214,000 after buying an additional 7,790 shares during the period. Focused Alpha LLC purchased a new position in shares of Putnam BDC Income ETF in the 4th quarter worth $277,000. Finally, HighTower Advisors LLC acquired a new position in Putnam BDC Income ETF in the fourth quarter valued at $280,000.

Putnam BDC Income ETF Stock Up 0.5%

Shares of PBDC stock traded up $0.13 during trading hours on Friday, hitting $27.51. 42,950 shares of the company were exchanged, compared to its average volume of 131,447. The firm has a market cap of $295.18 million, a PE ratio of 10.61 and a beta of 0.53. Putnam BDC Income ETF has a 1 year low of $25.94 and a 1 year high of $33.81. The firm has a fifty day moving average of $27.46 and a 200 day moving average of $27.36.

About Putnam BDC Income ETF

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.