Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Short Interest Up 115.2% in February

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 3,436 shares, an increase of 115.2% from the January 29th total of 1,597 shares. Based on an average daily trading volume, of 2,367 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 2,367 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the first quarter valued at approximately $4,296,000. Franklin Resources Inc. increased its stake in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 11.4% in the 2nd quarter. Franklin Resources Inc. now owns 1,869,425 shares of the company’s stock valued at $46,076,000 after acquiring an additional 191,722 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the 3rd quarter valued at $553,000. Finally, Cetera Investment Advisers acquired a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the 4th quarter valued at $267,000.

Putnam PanAgora ESG Emerging Markets Equity ETF Trading Down 0.3%

PPEM stock traded down $0.07 during midday trading on Friday, hitting $21.04. The stock had a trading volume of 1,868 shares, compared to its average volume of 37,348. The firm has a market cap of $42.08 million, a P/E ratio of 15.43 and a beta of 0.71. The business has a fifty day moving average price of $27.56 and a two-hundred day moving average price of $27.32. Putnam PanAgora ESG Emerging Markets Equity ETF has a 1-year low of $18.79 and a 1-year high of $32.10.

Putnam PanAgora ESG Emerging Markets Equity ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 20th will be paid a $9.95 dividend. The ex-dividend date of this dividend is Friday, February 20th.

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.