Putnam BDC Income ETF (NYSEARCA:PBDC) Sees Large Decrease in Short Interest

Putnam BDC Income ETF (NYSEARCA:PBDC) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 108,068 shares, a decline of 69.8% from the August 15th total of 358,400 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 65,462 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Condor Capital Management raised its position in shares of Putnam BDC Income ETF by 106.0% in the fourth quarter. Condor Capital Management now owns 340,779 shares of the company’s stock worth $10,428,000 after acquiring an additional 175,321 shares during the period. Cetera Investment Advisers grew its position in shares of Putnam BDC Income ETF by 105.2% during the 1st quarter. Cetera Investment Advisers now owns 218,025 shares of the company’s stock valued at $6,013,000 after acquiring an additional 111,763 shares during the period. Prota Financial LLC increased its stake in shares of Putnam BDC Income ETF by 8.3% in the 2nd quarter. Prota Financial LLC now owns 195,691 shares of the company’s stock valued at $5,366,000 after purchasing an additional 14,926 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Putnam BDC Income ETF by 60.4% in the 2nd quarter. Raymond James Financial Inc. now owns 188,406 shares of the company’s stock valued at $6,376,000 after purchasing an additional 70,913 shares in the last quarter. Finally, Corient Private Wealth LP raised its holdings in Putnam BDC Income ETF by 31.5% in the 2nd quarter. Corient Private Wealth LP now owns 108,912 shares of the company’s stock worth $2,963,000 after purchasing an additional 26,108 shares during the period.

Putnam BDC Income ETF Stock Performance

Shares of PBDC traded up $0.13 during trading hours on Friday, hitting $27.51. The stock had a trading volume of 42,950 shares, compared to its average volume of 131,447. The firm has a 50-day moving average price of $27.46 and a 200 day moving average price of $27.36. Putnam BDC Income ETF has a fifty-two week low of $25.94 and a fifty-two week high of $33.81. The firm has a market capitalization of $295.18 million, a price-to-earnings ratio of 10.61 and a beta of 0.53.

Putnam BDC Income ETF Company Profile

The Putnam BDC Income ETF (PBDC) is an exchange-traded fund that mostly invests in financials equity. The fund is actively managed to hold a portfolio of US business development companies (BDCs) whose principal business is to invest in, lend capital to, or provide services to privately held or thinly traded US companies. PBDC was launched on Sep 29, 2022 and is managed by Putnam.