Putnam ESG High Yield ETF (NYSEARCA:PHYD) Sees Significant Decrease in Short Interest

Putnam ESG High Yield ETF (NYSEARCA:PHYD) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 328 shares, a drop of 36.8% from the April 30th total of 519 shares. Based on an average trading volume of 262 shares, the short-interest ratio is currently 1.3 days. Approximately 0.2% of the shares of the stock are short sold.

Putnam ESG High Yield ETF Stock Performance

Shares of PHYD opened at $51.00 on Wednesday. Putnam ESG High Yield ETF has a fifty-two week low of $49.56 and a fifty-two week high of $52.70. The firm has a market cap of $7.65 million, a price-to-earnings ratio of 4.98 and a beta of 0.29. The firm has a 50 day moving average price of $50.75 and a 200-day moving average price of $51.51.

Institutional Trading of Putnam ESG High Yield ETF

Several hedge funds have recently added to or reduced their stakes in PHYD. Dynamic Advisor Solutions LLC purchased a new stake in Putnam ESG High Yield ETF during the fourth quarter valued at about $464,000. Jane Street Group LLC grew its stake in shares of Putnam ESG High Yield ETF by 41.5% during the second 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 increased its holdings in shares of Putnam ESG High Yield ETF by 1.0% in the fourth quarter. Bank of Montreal Can now owns 69,520 shares of the company’s stock worth $3,622,000 after buying an additional 700 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Putnam ESG High Yield ETF by 4.7% in the third quarter. Franklin Resources Inc. now owns 3,957,526 shares of the company’s stock worth $206,773,000 after buying an additional 177,382 shares during the period.

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.