Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Short Interest Up 76.0% in April

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,040 shares, a growth of 76.0% from the April 15th total of 1,159 shares. Based on an average trading volume of 769 shares, the short-interest ratio is presently 2.7 days. Approximately 0.8% of the shares of the company are short sold.

Putnam Emerging Markets ex-China ETF Price Performance

PEMX stock remained flat at $81.56 during mid-day trading on Monday. 215 shares of the company’s stock were exchanged, compared to its average volume of 1,060. Putnam Emerging Markets ex-China ETF has a one year low of $54.79 and a one year high of $86.01. The stock has a 50 day simple moving average of $75.70 and a 200-day simple moving average of $71.24. The company has a market cap of $20.39 million, a price-to-earnings ratio of 15.37 and a beta of 0.91.

Institutional Investors Weigh In On Putnam Emerging Markets ex-China ETF

A number of hedge funds have recently bought and sold shares of PEMX. Jane Street Group LLC bought a new stake in Putnam Emerging Markets ex-China ETF during the first quarter valued at about $345,000. Miller Global Investments LLC bought a new stake in Putnam Emerging Markets ex-China ETF during the fourth quarter valued at about $313,000. Castle Wealth Management LLC boosted its holdings in Putnam Emerging Markets ex-China ETF by 1.8% during the third quarter. Castle Wealth Management LLC now owns 133,180 shares of the company’s stock valued at $8,356,000 after acquiring an additional 2,336 shares during the period. Finally, Fortis Capital Advisors LLC boosted its holdings in Putnam Emerging Markets ex-China ETF by 15.0% during the fourth quarter. Fortis Capital Advisors LLC now owns 6,934 shares of the company’s stock valued at $446,000 after acquiring an additional 907 shares during the period.

Putnam Emerging Markets ex-China ETF Company Profile

The Putnam Emerging Markets ex-China ETF (PEMX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that pursues alpha over a full market cycle through fundamental research in emerging markets, excluding China. The fund targets a portfolio comprised of value and/or growth stocks. PEMX was launched on May 17, 2023 and is managed by Putnam.