Putnam ESG High Yield ETF (NYSEARCA:PHYD) Short Interest Update

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC bought a new position in Putnam ESG High Yield ETF in the 4th quarter valued at approximately $464,000. Jane Street Group LLC raised its holdings in Putnam ESG High Yield ETF by 41.5% in the 2nd quarter. Jane Street Group LLC now owns 51,408 shares of the company’s stock valued at $2,673,000 after buying an additional 15,085 shares during the last quarter. Bank of Montreal Can raised its holdings in 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 buying an additional 700 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Putnam ESG High Yield ETF by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 3,957,526 shares of the company’s stock valued at $206,773,000 after buying an additional 177,382 shares during the last quarter.

Putnam ESG High Yield ETF Stock Performance

Putnam ESG High Yield ETF stock remained flat at $50.85 during mid-day trading on Friday. 108 shares of the company’s stock were exchanged, compared to its average volume of 42,788. Putnam ESG High Yield ETF has a 1 year low of $49.56 and a 1 year high of $52.70. The firm has a market cap of $7.63 million, a P/E ratio of 4.98 and a beta of 0.28. The company has a fifty day moving average of $50.93 and a two-hundred day moving average of $51.44.

About Putnam ESG High Yield ETF

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.