Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Short Interest Up 122.1% in March

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,250 shares, an increase of 122.1% from the February 26th total of 3,265 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,626 shares, the short-interest ratio is presently 4.5 days.

Putnam Sustainable Leaders ETF Trading Down 1.7%

PLDR stock traded down $0.59 during mid-day trading on Thursday, reaching $33.59. 288 shares of the stock traded hands, compared to its average volume of 270,410. Putnam Sustainable Leaders ETF has a 52-week low of $26.61 and a 52-week high of $37.85. The stock’s fifty day moving average is $35.87 and its 200-day moving average is $36.41. The company has a market cap of $757.45 million, a P/E ratio of 28.96 and a beta of 1.06.

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bailard Inc. grew its position in Putnam Sustainable Leaders ETF by 3.6% during the 3rd quarter. Bailard Inc. now owns 62,652 shares of the company’s stock worth $2,248,000 after purchasing an additional 2,149 shares in the last quarter. Bond & Devick Financial Network Inc. lifted its holdings in shares of Putnam Sustainable Leaders ETF by 14.6% in the third quarter. Bond & Devick Financial Network Inc. now owns 42,374 shares of the company’s stock valued at $1,520,000 after purchasing an additional 5,389 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Putnam Sustainable Leaders ETF by 4.0% in the third quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock worth $783,263,000 after buying an additional 831,613 shares during the period. Citadel Advisors LLC boosted its position in shares of Putnam Sustainable Leaders ETF by 232.9% in the third quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock worth $756,000 after buying an additional 14,733 shares during the period. Finally, Royal Bank of Canada purchased a new position in shares of Putnam Sustainable Leaders ETF during the fourth quarter valued at $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.