Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Short Interest Update

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,597 shares, a drop of 30.3% from the January 15th total of 2,291 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,105 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 2,105 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are sold short.

Putnam PanAgora ESG Emerging Markets Equity ETF Stock Up 0.4%

Shares of PPEM traded up $0.11 during trading hours on Friday, reaching $30.50. 3,442 shares of the company traded hands, compared to its average volume of 3,987. The business has a fifty day moving average price of $28.09 and a 200-day moving average price of $27.34. Putnam PanAgora ESG Emerging Markets Equity ETF has a 12-month low of $18.92 and a 12-month high of $32.10. The stock has a market capitalization of $61 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 disclosed an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were issued a $1.6076 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a dividend yield of 618.0%.

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

A number of large investors have recently bought and sold shares of PPEM. Citadel Advisors LLC acquired a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the 3rd quarter worth approximately $553,000. Franklin Resources Inc. increased its stake in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% in the third quarter. Franklin Resources Inc. now owns 1,933,387 shares of the company’s stock worth $53,032,000 after acquiring an additional 63,962 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 5.0% in the second quarter. Jane Street Group LLC now owns 209,441 shares of the company’s stock worth $5,162,000 after acquiring an additional 9,904 shares during the period.

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.