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 increase in short interest in 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. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 2,367 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 2,367 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.2% of the company’s stock are sold short.

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

A number of large investors have recently made changes to their positions in PPEM. Cetera Investment Advisers acquired a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF in the 4th quarter valued at $267,000. Citadel Advisors LLC purchased a new stake in Putnam PanAgora ESG Emerging Markets Equity ETF during the 3rd quarter valued at about $553,000. Jane Street Group LLC purchased a new stake in Putnam PanAgora ESG Emerging Markets Equity ETF during the 1st quarter valued at about $4,296,000. Finally, Franklin Resources Inc. increased its holdings in shares of 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 valued at $46,076,000 after purchasing an additional 191,722 shares during the period.

Putnam PanAgora ESG Emerging Markets Equity ETF Stock Down 1.0%

Shares of PPEM traded down $0.20 during mid-day trading on Friday, hitting $20.91. 744 shares of the company traded hands, compared to its average volume of 38,283. The company has a market capitalization of $41.81 million, a PE ratio of 15.43 and a beta of 0.71. The business has a 50 day moving average of $27.66 and a 200 day moving average of $27.34. 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 Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 20th will be issued 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.