The short interest in the Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw a dramatic decline of 99.1% in December, dropping to just 133 shares by the end of the month. This significant decrease from the 14,436 shares reported on December 15 illustrates a notable shift in investor sentiment. With short interest now representing approximately 0.0% of the total shares outstanding, the days-to-cover ratio stands at 0.0 days, based on an average trading volume of 51,358 shares.
On December 31, 2023, shares of the Putnam Sustainable Leaders ETF traded down by 0.6%, reaching a price of $37.51. During the trading session, 4,642 shares changed hands, which is below the average volume of 10,718 shares. The fund currently boasts a market capitalization of $844.73 million, a price-to-earnings ratio of 28.96, and a beta of 1.06. Over the past year, the ETF has seen a low of $26.61 and a high of $37.85.
Dividend Announcement and Fund Overview
In a recent announcement, the Putnam Sustainable Leaders ETF declared an annual dividend of $0.1386 per share, which was paid out on December 23, 2023. Shareholders of record as of December 19, 2023, were eligible for this payout, which represents a yield of 37.0%. The ex-dividend date was also set on December 19.
The Putnam Sustainable Leaders ETF, launched on May 25, 2021, is an actively-managed, non-transparent fund that primarily invests in US companies recognized for their commitment to sustainable business practices. Utilizing the Fidelity non-transparent model, the fund aims to provide investors with exposure to a diverse range of equity markets while adhering to sustainable investing principles.
As the market continues to evolve, the movements in short interest and trading activity of the Putnam Sustainable Leaders ETF highlight shifting investor dynamics and the growing focus on sustainable investments.
