Putnam ESG High Yield ETF (NYSEARCA:PHYD) Short Interest Up 257.0% in May

Putnam ESG High Yield ETF (NYSEARCA:PHYD) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,171 shares, an increase of 257.0% from the May 14th total of 328 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 6,427 shares, the short-interest ratio is presently 0.2 days.

Putnam ESG High Yield ETF Price Performance

Shares of NYSEARCA:PHYD remained flat at $50.85 during trading on Friday. The stock had a trading volume of 108 shares, compared to its average volume of 42,788. The business’s 50 day moving average price is $50.93 and its 200 day moving average price is $51.44. The company has a market capitalization of $7.63 million, a price-to-earnings ratio of 4.98 and a beta of 0.28. Putnam ESG High Yield ETF has a 1 year low of $49.56 and a 1 year high of $52.70.

Institutional Investors Weigh In On Putnam ESG High Yield ETF

A number of large investors have recently modified their holdings of the business. Bank of Montreal Can boosted its holdings in shares of Putnam ESG High Yield ETF by 1.0% in the 4th quarter. Bank of Montreal Can now owns 69,520 shares of the company’s stock valued at $3,622,000 after purchasing an additional 700 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Putnam ESG High Yield ETF during the 4th quarter valued at $464,000. Jane Street Group LLC boosted its holdings in shares of Putnam ESG High Yield ETF by 41.5% during the 2nd quarter. Jane Street Group LLC now owns 51,408 shares of the company’s stock valued at $2,673,000 after acquiring an additional 15,085 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Putnam ESG High Yield ETF by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,957,526 shares of the company’s stock valued at $206,773,000 after acquiring an additional 177,382 shares in the last quarter.

Putnam ESG High Yield ETF Company Profile

The Putnam ESG High Yield ETF (PHYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in long- and intermediate-term US high-yield corporate bonds that meet certain environmental, social and governance criteria on a sector-specific basis. PHYD was launched on Jan 19, 2023 and is managed by Putnam.