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

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 33,722 shares, a growth of 61.5% from the February 26th total of 20,878 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 11,232 shares, the short-interest ratio is currently 3.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in Putnam ESG Core Bond ETF by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock valued at $838,643,000 after acquiring an additional 868,774 shares during the last quarter. Riverwater Partners LLC grew its stake 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 purchasing an additional 4,773 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Putnam ESG Core Bond ETF in the 3rd quarter worth approximately $36,000. Flow Traders U.S. LLC bought a new stake in shares of Putnam ESG Core Bond ETF in the 3rd quarter worth approximately $1,303,000. Finally, Susquehanna International Group LLP acquired a new stake in Putnam ESG Core Bond ETF during the third quarter valued at approximately $10,145,000.

Putnam ESG Core Bond ETF Price Performance

NYSEARCA:PCRB traded down $0.01 during midday trading on Friday, hitting $46.39. 352 shares of the stock were exchanged, compared to its average volume of 217,530. Putnam ESG Core Bond ETF has a one year low of $46.39 and a one year high of $50.08. The business has a 50-day moving average price of $48.47 and a two-hundred day moving average price of $49.16.

Putnam ESG Core Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $2.5169 dividend. This represents a c) annualized dividend and a dividend yield of 65.1%. This is a positive change from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date was Monday, March 2nd.

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.