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

Putnam ESG High Yield ETF (NYSEARCA:PHYD) was the recipient of a large 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. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 6,427 shares, the days-to-cover ratio is currently 0.2 days.

Putnam ESG High Yield ETF Stock Performance

Shares of Putnam ESG High Yield ETF stock remained flat at $50.85 on Friday. The stock had a trading volume of 108 shares, compared to its average volume of 42,788. The firm’s 50-day simple moving average is $50.93 and its 200-day simple moving average is $51.44. Putnam ESG High Yield ETF has a 12-month low of $49.56 and a 12-month high of $52.70. The firm has a market capitalization of $7.63 million, a price-to-earnings ratio of 4.98 and a beta of 0.28.

Hedge Funds Weigh In On Putnam ESG High Yield ETF

A number of large investors have recently bought and sold shares of PHYD. Franklin Resources Inc. boosted its holdings in Putnam ESG High Yield ETF by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 4,237,223 shares of the company’s stock valued at $220,775,000 after acquiring an additional 279,697 shares during the period. Jane Street Group LLC boosted its holdings in 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 during the period. Dynamic Advisor Solutions LLC purchased a new position in Putnam ESG High Yield ETF during the 4th quarter valued at $464,000. Finally, Bank of Montreal Can boosted its holdings in Putnam ESG High Yield ETF by 1.0% during the 4th quarter. Bank of Montreal Can now owns 69,520 shares of the company’s stock valued at $3,622,000 after acquiring an additional 700 shares during the period.

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.