PHYD Stock Summary and Trading Ideas (Putnam ETF Trust Putnam Esg High Yield ETF | ARCA:PHYD)

The fund invests mainly in bonds that are below investment grade in quality (sometimes referred to as "junk bonds") with a focus on companies or issuers that Putnam Investment Management, LLC ("Putnam Management"), the fund's investment manager, believes meet relevant environmental, social or governance ("ESG") criteria on a sector-specific basis ("ESG criteria"). The fund invests mainly in bonds that also have one or more of the following characteristics: (1) are obligations of U.S. companies or issuers and (2) have intermediate- to long-term maturities (three years or longer). The fund invests with a focus on companies or issuers that Putnam Management believes meet relevant environmental, social or governance ("ESG") criteria on a sector-specific basis ("ESG criteria"). The fund may consider, among other factors, a company's or issuer's ESG criteria (as described below), credit, interest rate, liquidity and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.

Putnam ETF Trust Putnam Esg High Yield ETF trades on the ARCA stock market under the symbol PHYD.

As of April 23, 2024, PHYD stock price climbed to $50.16 with 5,923 million shares trading.

PHYD has a market cap of $127.91 million. This is considered a Micro Cap stock.

PHYD has underperformed the market in the last year with a return of +8.2%, while the SPY ETF gained +24.3%. In the last 3 month period, PHYD fell short of the market, returning +0.8%, while SPY returned +4.6%. However, in the most recent 2 weeks PHYD has outperformed the stock market by returning -0.6%, while SPY returned -2.6%.

PHYD support price is $49.87 and resistance is $50.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PHYD stock will trade within this expected range on the day.