Putnam ESG Ultra Short ETF (NYSEARCA:PULT) Short Interest Up ∞ in May

Putnam ESG Ultra Short ETF (NYSEARCA:PULT) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 71,124 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily trading volume, of 15,365 shares, the days-to-cover ratio is currently 4.6 days. Currently, 8.4% of the company’s stock are short sold.

Putnam ESG Ultra Short ETF Price Performance

Shares of NYSEARCA:PULT remained flat at $50.44 during trading on Friday. 747 shares of the stock were exchanged, compared to its average volume of 41,587. The firm’s 50-day moving average price is $50.39 and its 200-day moving average price is $50.54. Putnam ESG Ultra Short ETF has a 1 year low of $50.24 and a 1 year high of $50.84.

Institutional Investors Weigh In On Putnam ESG Ultra Short ETF

Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in shares of Putnam ESG Ultra Short ETF by 103.7% during the third quarter. IFP Advisors Inc now owns 2,400 shares of the company’s stock valued at $122,000 after buying an additional 1,222 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Putnam ESG Ultra Short ETF by 489.0% during the fourth quarter. Bank of Montreal Can now owns 8,758 shares of the company’s stock valued at $443,000 after buying an additional 7,271 shares during the last quarter. CacheTech Inc. purchased a new stake in shares of Putnam ESG Ultra Short ETF during the fourth quarter valued at approximately $871,000. Jane Street Group LLC grew its holdings in shares of Putnam ESG Ultra Short ETF by 64.4% during the second quarter. Jane Street Group LLC now owns 20,300 shares of the company’s stock valued at $1,029,000 after buying an additional 7,951 shares during the last quarter. Finally, Cibc World Market Inc. grew its holdings in shares of Putnam ESG Ultra Short ETF by 15.0% during the fourth quarter. Cibc World Market Inc. now owns 23,149 shares of the company’s stock valued at $1,172,000 after buying an additional 3,015 shares during the last quarter.

Putnam ESG Ultra Short ETF Company Profile

The Putnam ESG Ultra Short ETF (PULT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively invests in investment grade fixed income securities from around the world that meet certain environmental, social and governance criteria on a sector-specific basis.The fund expects to have an average weighted maturity of four years or less. PULT was launched on Jan 19, 2023 and is managed by Putnam.