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

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 993 shares, a decrease of 70.2% from the December 15th total of 3,334 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 11,421 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 11,421 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Putnam PanAgora ESG Emerging Markets Equity ETF Trading Down 1.3%

NYSEARCA PPEM traded down $0.37 on Tuesday, hitting $27.70. 1,203 shares of the company traded hands, compared to its average volume of 1,063. The business’s 50 day moving average price is $27.41 and its 200-day moving average price is $26.65. Putnam PanAgora ESG Emerging Markets Equity ETF has a 52-week low of $18.92 and a 52-week high of $32.10. The company has a market capitalization of $54.01 million, a price-to-earnings ratio of 15.43 and a beta of 0.71.

Putnam PanAgora ESG Emerging Markets Equity ETF Announces Dividend

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

Hedge Funds Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

Several large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position 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 purchasing an additional 9,904 shares during the period. Citadel Advisors LLC bought a new stake in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the 3rd quarter valued at $553,000. Finally, Franklin Resources Inc. raised its position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,933,387 shares of the company’s stock valued at $53,032,000 after purchasing an additional 63,962 shares during the period.

About Putnam PanAgora ESG Emerging Markets Equity ETF

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.