Putnam PanAgora ESG International Equity ETF (NYSEARCA:PPIE) Short Interest Update

Putnam PanAgora ESG International Equity ETF (NYSEARCA:PPIE) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 6,705 shares, a decline of 41.0% from the February 26th total of 11,364 shares. Based on an average daily volume of 2,888 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PPIE. Franklin Resources Inc. boosted its holdings in Putnam PanAgora ESG International Equity ETF by 4.6% in the fourth quarter. Franklin Resources Inc. now owns 9,785,868 shares of the company’s stock valued at $264,174,000 after acquiring an additional 426,693 shares during the last quarter. Jane Street Group LLC grew its position in Putnam PanAgora ESG International Equity ETF by 285.0% during the second quarter. Jane Street Group LLC now owns 182,521 shares of the company’s stock valued at $4,889,000 after acquiring an additional 135,115 shares during the period. Finally, &PARTNERS acquired a new stake in Putnam PanAgora ESG International Equity ETF during the fourth quarter worth about $470,000.

Putnam PanAgora ESG International Equity ETF Price Performance

PPIE stock traded down $0.22 on Friday, hitting $24.76. 925 shares of the company were exchanged, compared to its average volume of 119,694. The stock has a market capitalization of $252.55 million, a price-to-earnings ratio of 14.65 and a beta of 0.62. Putnam PanAgora ESG International Equity ETF has a twelve month low of $21.35 and a twelve month high of $29.52. The business’s fifty day moving average is $27.37 and its two-hundred day moving average is $27.84.

Putnam PanAgora ESG International Equity ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were paid a dividend of $1.122 per share. The ex-dividend date of this dividend was Friday, February 20th.

About Putnam PanAgora ESG International Equity ETF

The Putnam Panagora ESG International Equity ETF (PPIE) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in developed international companies of any capitalization, excluding the US. Selected companies are perceived to possess positive environmental, social, and governance criteria. PPIE was launched on Jan 19, 2023 and is managed by Putnam.