Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Short Interest Up 1,616.5% in February

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 9,132 shares, an increase of 1,616.5% from the January 29th total of 532 shares. Based on an average trading volume of 16,239 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 16,239 shares, the short-interest ratio is currently 0.6 days.

Putnam ESG Core Bond ETF Price Performance

NYSEARCA PCRB traded down $0.01 on Wednesday, reaching $49.74. The company had a trading volume of 14,924 shares, compared to its average volume of 343,787. The company’s fifty day moving average is $49.44 and its 200-day moving average is $49.44. Putnam ESG Core Bond ETF has a 1-year low of $47.66 and a 1-year high of $50.08.

Putnam ESG Core Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 20th will be paid a $0.1092 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a yield of 2.6%.

Institutional Trading of Putnam ESG Core Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its holdings in Putnam ESG Core Bond ETF by 65.8% during the fourth quarter. Jane Street Group LLC now owns 13,232 shares of the company’s stock worth $652,000 after purchasing an additional 5,249 shares during the last quarter. Riverwater Partners LLC lifted its position in Putnam ESG Core Bond ETF by 2.7% during the 4th quarter. Riverwater Partners LLC now owns 57,473 shares of the company’s stock worth $2,834,000 after buying an additional 1,522 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Putnam ESG Core Bond ETF by 4.6% during the 4th quarter. Franklin Resources Inc. now owns 17,761,094 shares of the company’s stock worth $875,791,000 after buying an additional 786,230 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Putnam ESG Core Bond ETF in the 3rd quarter valued at about $36,000. Finally, Susquehanna International Group LLP bought a new position in shares of Putnam ESG Core Bond ETF in the 3rd quarter valued at about $10,145,000.

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.