Short Interest in Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Decreases By 37.4%

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 744 shares, a decrease of 37.4% from the December 31st total of 1,189 shares. Based on an average daily trading volume, of 15,459 shares, the days-to-cover ratio is currently 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 trading volume, of 15,459 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Putnam ESG Core Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of PCRB. Franklin Resources Inc. boosted its holdings in Putnam ESG Core Bond ETF by 10.2% in the second quarter. Franklin Resources Inc. now owns 16,106,090 shares of the company’s stock worth $788,559,000 after acquiring an additional 1,492,438 shares in the last quarter. Riverwater Partners LLC grew its position in shares of Putnam ESG Core Bond ETF by 63.9% in the second quarter. Riverwater Partners LLC now owns 51,178 shares of the company’s stock valued at $2,506,000 after purchasing an additional 19,952 shares during the period. Susquehanna International Group LLP acquired a new position in Putnam ESG Core Bond ETF in the 3rd quarter valued at $10,145,000. Flow Traders U.S. LLC purchased a new position in Putnam ESG Core Bond ETF during the third quarter worth approximately $1,303,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Putnam ESG Core Bond ETF during the 3rd quarter valued at approximately $36,000.

Putnam ESG Core Bond ETF Stock Down 0.1%

Putnam ESG Core Bond ETF stock traded down $0.03 during midday trading on Friday, hitting $49.38. 2,714 shares of the stock were exchanged, compared to its average volume of 15,381. The business’s 50-day moving average price is $49.42 and its 200-day moving average price is $49.33. Putnam ESG Core Bond ETF has a 52-week low of $47.66 and a 52-week high of $50.08.

Putnam ESG Core Bond ETF Increases Dividend

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

Putnam ESG Core Bond ETF Company Profile

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.