Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Sees Large Decrease in Short Interest

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 993 shares, a decrease of 70.2% from the December 15th total of 3,334 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 11,421 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 11,421 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Putnam PanAgora ESG Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 11.4% in the second quarter. Franklin Resources Inc. now owns 1,869,425 shares of the company’s stock worth $46,076,000 after buying an additional 191,722 shares in the last quarter. Citadel Advisors LLC purchased a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the 3rd quarter worth approximately $553,000. Finally, Jane Street Group LLC lifted its position in Putnam PanAgora ESG Emerging Markets Equity ETF by 5.0% in the 2nd quarter. Jane Street Group LLC now owns 209,441 shares of the company’s stock valued at $5,162,000 after acquiring an additional 9,904 shares in the last quarter.

Putnam PanAgora ESG Emerging Markets Equity ETF Trading Down 1.3%

NYSEARCA:PPEM traded down $0.37 during trading hours on Tuesday, reaching $27.70. 1,203 shares of the company traded hands, compared to its average volume of 1,063. The business’s 50-day moving average price is $27.41 and its two-hundred day moving average price is $26.65. Putnam PanAgora ESG Emerging Markets Equity ETF has a 1 year low of $18.92 and a 1 year high of $32.10. The stock has a market capitalization of $54.01 million, a P/E ratio of 15.43 and a beta of 0.71.

Putnam PanAgora ESG Emerging Markets Equity ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were paid a $1.6076 dividend. The ex-dividend date was Friday, December 19th. This represents a yield of 618.0%.

Putnam PanAgora ESG Emerging Markets Equity ETF Company Profile

The PortfolioPlus Emerging Markets ETF (PPEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in companies of any capitalization located in emerging markets. Selected companies are perceived to possess positive environmental, social, and governance criteria. PPEM was launched on Jan 19, 2023 and is managed by Putnam.