Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Sees Large Increase in Short Interest

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 14,139 shares, a growth of 708.4% from the July 30th total of 1,749 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average daily volume of 2,475 shares, the short-interest ratio is currently 5.7 days.

Putnam Emerging Markets ex-China ETF Stock Up 2.0%

Shares of NYSEARCA PEMX opened at $86.02 on Wednesday. Putnam Emerging Markets ex-China ETF has a fifty-two week low of $59.18 and a fifty-two week high of $95.20. The business has a 50 day moving average price of $85.65 and a two-hundred day moving average price of $80.83. The firm has a market cap of $32.69 million, a PE ratio of 15.37 and a beta of 0.96.

Hedge Funds Weigh In On Putnam Emerging Markets ex-China ETF

An institutional investor recently raised its stake in Putnam Emerging Markets ex-China ETF stock. Castle Wealth Management LLC lifted its stake in shares of Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,126 shares of the company’s stock after buying an additional 1,277 shares during the quarter. Putnam Emerging Markets ex-China ETF makes up about 3.0% of Castle Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding. Castle Wealth Management LLC owned approximately 53.25% of Putnam Emerging Markets ex-China ETF worth $9,330,000 as of its most recent filing with the Securities and Exchange Commission.

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.