Putnam ESG Ultra Short ETF (NYSEARCA:PULT) Short Interest Up ? in May

Putnam ESG Ultra Short ETF (NYSEARCA:PULT) was the target 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. Currently, 8.4% of the company’s stock are short sold. Based on an average daily volume of 15,365 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Investors Weigh In On Putnam ESG Ultra Short ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. grew its holdings in Putnam ESG Ultra Short ETF by 10.7% in the fourth quarter. Franklin Resources Inc. now owns 3,081,996 shares of the company’s stock worth $156,026,000 after purchasing an additional 298,788 shares during the period. Royal Bank of Canada grew its holdings in Putnam ESG Ultra Short ETF by 16.7% in 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. Jane Street Group LLC grew its holdings in Putnam ESG Ultra Short ETF by 370.9% in the fourth quarter. Jane Street Group LLC now owns 54,638 shares of the company’s stock worth $2,766,000 after purchasing an additional 43,035 shares during the period. Cibc World Market Inc. grew its holdings in Putnam ESG Ultra Short ETF by 15.0% in the fourth quarter. Cibc World Market Inc. now owns 23,149 shares of the company’s stock worth $1,172,000 after purchasing an additional 3,015 shares during the period. Finally, CacheTech Inc. purchased a new stake in Putnam ESG Ultra Short ETF in the fourth quarter worth about $871,000.

Putnam ESG Ultra Short ETF Stock Performance

PULT remained flat at $50.44 during midday trading on Friday. 747 shares of the company’s stock were exchanged, compared to its average volume of 41,587. Putnam ESG Ultra Short ETF has a twelve month low of $50.24 and a twelve month high of $50.84. The company’s 50-day simple moving average is $50.39 and its 200-day simple 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.