Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Sees Large Increase in Short Interest

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 14,139 shares, an increase of 708.4% from the July 30th total of 1,749 shares. Approximately 3.7% of the company’s shares are sold short. Based on an average daily trading volume, of 2,475 shares, the short-interest ratio is currently 5.7 days.

Hedge Funds Weigh In On Putnam Emerging Markets ex-China ETF

A hedge fund recently bought a new stake in Putnam Emerging Markets ex-China ETF stock. Jane Street Group LLC acquired a new stake in Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,878 shares of the company’s stock, valued at approximately $345,000. Jane Street Group LLC owned approximately 3.44% of Putnam Emerging Markets ex-China ETF at the end of the most recent reporting period.

Putnam Emerging Markets ex-China ETF Trading Up 2.0%

Shares of PEMX opened at $86.02 on Wednesday. Putnam Emerging Markets ex-China ETF has a twelve month low of $59.18 and a twelve month high of $95.20. The firm has a market capitalization of $32.69 million, a P/E ratio of 15.37 and a beta of 0.96. The stock’s fifty day simple moving average is $85.65 and its 200 day simple moving average is $80.83.

Putnam Emerging Markets ex-China ETF Company Profile

The Putnam Emerging Markets ex-China ETF (PEMX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that pursues alpha over a full market cycle through fundamental research in emerging markets, excluding China. The fund targets a portfolio comprised of value and/or growth stocks. PEMX was launched on May 17, 2023 and is managed by Putnam.