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

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,189 shares, an increase of 787.3% from the December 15th total of 134 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 35,982 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 35,982 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Putnam ESG Core Bond ETF Price Performance

Shares of PCRB stock remained flat at $49.43 during trading hours on Monday. 34,596 shares of the stock traded hands, compared to its average volume of 15,499. The company’s 50-day moving average price is $49.44 and its two-hundred day moving average price is $49.28. Putnam ESG Core Bond ETF has a 12 month low of $47.47 and a 12 month high of $50.08.

Putnam ESG Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were given a $0.197 dividend. This is an increase from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, December 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Putnam ESG Core Bond ETF in the third quarter worth $36,000. Flow Traders U.S. LLC purchased a new stake in Putnam ESG Core Bond ETF in the third quarter valued at approximately $1,303,000. Riverwater Partners LLC raised its stake in Putnam ESG Core Bond ETF by 63.9% in the second quarter. Riverwater Partners LLC now owns 51,178 shares of the company’s stock valued at $2,506,000 after purchasing an additional 19,952 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Putnam ESG Core Bond ETF during the third quarter valued at approximately $10,145,000. Finally, Jane Street Group LLC lifted its position in Putnam ESG Core Bond ETF by 1,753.6% during the first quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock valued at $14,692,000 after purchasing an additional 284,581 shares during the last quarter.

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.