Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Short Interest Update

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,906 shares, a decrease of 98.5% from the June 15th total of 124,075 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,079 shares, the days-to-cover ratio is currently 1.8 days.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Miller Global Investments LLC acquired a new position in Putnam Emerging Markets ex-China ETF during the 4th quarter worth approximately $313,000. Jane Street Group LLC acquired a new stake in shares of Putnam Emerging Markets ex-China ETF in the 1st quarter valued at approximately $345,000. Fortis Capital Advisors LLC boosted its stake in shares of Putnam Emerging Markets ex-China ETF by 15.0% in the fourth quarter. Fortis Capital Advisors LLC now owns 6,934 shares of the company’s stock valued at $446,000 after buying an additional 907 shares in the last quarter. Finally, Castle Wealth Management LLC boosted its stake in shares of Putnam Emerging Markets ex-China ETF by 1.0% in the first quarter. Castle Wealth Management LLC now owns 133,126 shares of the company’s stock valued at $9,330,000 after buying an additional 1,277 shares in the last quarter.

Putnam Emerging Markets ex-China ETF Price Performance

Shares of PEMX stock traded up $0.54 during mid-day trading on Friday, hitting $87.85. The stock had a trading volume of 456 shares, compared to its average volume of 1,985. The firm has a market cap of $33.38 million, a PE ratio of 15.37 and a beta of 0.92. The company’s 50-day simple moving average is $87.12 and its 200-day simple moving average is $77.33. Putnam Emerging Markets ex-China ETF has a fifty-two week low of $56.50 and a fifty-two week high of $95.20.

About Putnam Emerging Markets ex-China ETF

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.