Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Significant Growth in Short Interest

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 8,531 shares, a growth of 2,524.9% from the January 15th total of 325 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 21,600 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 21,600 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PLDR. Bailard Inc. raised its holdings in shares of Putnam Sustainable Leaders ETF by 3.5% in the 2nd quarter. Bailard Inc. now owns 60,503 shares of the company’s stock valued at $2,043,000 after purchasing an additional 2,022 shares in the last quarter. Elevation Capital Advisory LLC bought a new stake in Putnam Sustainable Leaders ETF during the second quarter valued at about $230,000. Citadel Advisors LLC raised its holdings in 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 purchasing an additional 14,733 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Putnam Sustainable Leaders ETF by 4.0% in the 3rd quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock valued at $783,263,000 after buying an additional 831,613 shares in the last quarter. Finally, Bond & Devick Financial Network Inc. raised its stake in shares of Putnam Sustainable Leaders ETF by 14.6% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 42,374 shares of the company’s stock worth $1,520,000 after acquiring an additional 5,389 shares in the last quarter.

Putnam Sustainable Leaders ETF Trading Down 0.1%

Shares of NYSEARCA PLDR traded down $0.04 during trading hours on Tuesday, reaching $36.61. The stock had a trading volume of 11,857 shares, compared to its average volume of 19,532. Putnam Sustainable Leaders ETF has a 52-week low of $26.61 and a 52-week high of $37.85. The firm has a market cap of $825.56 million, a price-to-earnings ratio of 28.96 and a beta of 1.06. The business’s fifty day moving average price is $37.21 and its two-hundred day moving average price is $36.26.

Putnam Sustainable Leaders ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a $0.1386 dividend. This represents a dividend yield of 37.0%. The ex-dividend date was Friday, December 19th.

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.