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

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 417 shares, a growth of 130.4% from the April 30th total of 181 shares. Based on an average daily volume of 1,365 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Putnam PanAgora ESG Emerging Markets Equity ETF Trading Down 2.2%

NYSEARCA PPEM traded down $0.52 during trading on Friday, hitting $23.47. The company had a trading volume of 386 shares, compared to its average volume of 14,971. Putnam PanAgora ESG Emerging Markets Equity ETF has a one year low of $18.07 and a one year high of $32.10. The company has a market cap of $8.21 million, a price-to-earnings ratio of 15.43 and a beta of 0.89. The company’s fifty day moving average is $20.98 and its 200-day moving average is $24.53.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PPEM. Jane Street Group LLC bought a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the 1st quarter worth $4,296,000. Franklin Resources Inc. raised its holdings in Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,933,387 shares of the company’s stock worth $53,032,000 after purchasing an additional 63,962 shares in the last quarter. Citadel Advisors LLC bought a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the 3rd quarter worth $553,000. Finally, Cetera Investment Advisers bought a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF in the 4th quarter worth about $267,000.

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.