Putnam ESG Ultra Short ETF (NYSEARCA:PULT – Get Free Report) was the recipient of a significant increase in short interest in 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. Approximately 8.4% of the shares of the stock are short sold. Based on an average daily volume of 15,365 shares, the short-interest ratio is presently 4.6 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Putnam ESG Ultra Short ETF by 16.7% during the first quarter. Royal Bank of Canada now owns 80,226 shares of the company’s stock worth $4,049,000 after purchasing an additional 11,471 shares during the period. CacheTech Inc. acquired a new stake in shares of Putnam ESG Ultra Short ETF during the fourth quarter worth approximately $871,000. Jane Street Group LLC increased its holdings in shares of Putnam ESG Ultra Short ETF by 370.9% during the fourth quarter. Jane Street Group LLC now owns 54,638 shares of the company’s stock worth $2,766,000 after buying an additional 43,035 shares in the last quarter. Bank of Montreal Can increased 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 worth $443,000 after buying an additional 7,271 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Putnam ESG Ultra Short ETF by 10.7% during the fourth quarter. Franklin Resources Inc. now owns 3,081,996 shares of the company’s stock worth $156,026,000 after buying an additional 298,788 shares in the last quarter.
Putnam ESG Ultra Short ETF Price Performance
PULT remained flat at $50.44 during midday trading on Tuesday. 747 shares of the company’s stock were exchanged, compared to its average volume of 41,587. Putnam ESG Ultra Short ETF has a 1 year low of $50.24 and a 1 year high of $50.84. The company’s 50 day moving average is $50.39 and its 200-day moving average is $50.54.
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.
Featured Stories
- Five stocks we like better than Putnam ESG Ultra Short ETF
- Gravity Check: Houston, SpaceX Has a Valuation Problem
- Strategy’s Bitcoin Rally Has a Hidden Engine
- Okta’s AI Moment May Be Bigger Than Investors Realize
- 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test
Receive News & Ratings for Putnam ESG Ultra Short ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam ESG Ultra Short ETF and related companies with MarketBeat.com's FREE daily email newsletter.
