Short Interest in Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Expands By 130.7%

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,291 shares, an increase of 130.7% from the December 31st total of 993 shares. Based on an average daily volume of 1,116 shares, the short-interest ratio is presently 2.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,116 shares, the short-interest ratio is presently 2.1 days.

Institutional Trading of Putnam PanAgora ESG Emerging Markets Equity ETF

Several institutional investors have recently added to or reduced their stakes in PPEM. Jane Street Group LLC purchased a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the first quarter valued at approximately $4,296,000. Franklin Resources Inc. boosted its holdings in 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 purchasing an additional 191,722 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Putnam PanAgora ESG Emerging Markets Equity ETF in the 3rd quarter worth approximately $553,000.

Putnam PanAgora ESG Emerging Markets Equity ETF Price Performance

PPEM stock traded down $0.62 during midday trading on Friday, hitting $28.92. The stock had a trading volume of 2,608 shares, compared to its average volume of 1,570. The business has a 50-day moving average of $27.66 and a two-hundred day moving average of $27.02. The firm has a market cap of $57.84 million, a price-to-earnings ratio of 15.43 and a beta of 0.71. Putnam PanAgora ESG Emerging Markets Equity ETF has a 52-week low of $18.92 and a 52-week high of $32.10.

Putnam PanAgora ESG Emerging Markets Equity ETF Dividend Announcement

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

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.