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

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 33,722 shares, an increase of 61.5% from the February 26th total of 20,878 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 11,232 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Investors Weigh In On Putnam ESG Core Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in shares of Putnam ESG Core Bond ETF during the third quarter valued at about $36,000. Jane Street Group LLC grew its holdings in shares of Putnam ESG Core Bond ETF by 65.8% during the 4th quarter. Jane Street Group LLC now owns 13,232 shares of the company’s stock worth $652,000 after acquiring an additional 5,249 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Putnam ESG Core Bond ETF during the 3rd quarter worth approximately $1,303,000. Riverwater Partners LLC raised its position in shares of Putnam ESG Core Bond ETF by 9.3% in the 3rd quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock worth $2,764,000 after acquiring an additional 4,773 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Putnam ESG Core Bond ETF in the 3rd quarter worth approximately $10,145,000.

Putnam ESG Core Bond ETF Price Performance

Shares of PCRB traded down $0.01 during mid-day trading on Friday, hitting $46.39. 352 shares of the company’s stock traded hands, compared to its average volume of 217,530. The business’s 50-day moving average price is $48.47 and its 200-day moving average price is $49.15. Putnam ESG Core Bond ETF has a 1 year low of $46.39 and a 1 year high of $50.08.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $2.5169 per share. This represents a c) dividend on an annualized basis and a yield of 65.1%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11.

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.