Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Short Interest Up 128.6% in February

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 20,878 shares, a growth of 128.6% from the February 12th total of 9,132 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,361,219 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 1,361,219 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its position in Putnam ESG Core Bond ETF by 10.2% during the second quarter. Franklin Resources Inc. now owns 16,106,090 shares of the company’s stock worth $788,559,000 after acquiring an additional 1,492,438 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Putnam ESG Core Bond ETF in the third quarter valued at approximately $10,145,000. Flow Traders U.S. LLC bought a new position in shares of Putnam ESG Core Bond ETF during the third quarter worth approximately $1,303,000. Jane Street Group LLC lifted its holdings in Putnam ESG Core Bond ETF by 65.8% during the 4th quarter. Jane Street Group LLC now owns 13,232 shares of the company’s stock worth $652,000 after purchasing an additional 5,249 shares during the last quarter. Finally, Riverwater Partners LLC lifted its holdings in Putnam ESG Core Bond ETF by 9.3% during 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.

Putnam ESG Core Bond ETF Stock Up 0.1%

PCRB stock opened at $46.83 on Friday. Putnam ESG Core Bond ETF has a one year low of $46.78 and a one year high of $50.08. The company has a fifty day moving average price of $49.02 and a two-hundred day moving average price of $49.33.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $2.5169 per share. This represents a c) annualized dividend and a dividend yield of 64.5%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11.

Putnam ESG Core Bond ETF Company Profile

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.