Short Interest in Putnam PanAgora ESG International Equity ETF (NYSEARCA:PPIE) Declines By 15.2%

Putnam PanAgora ESG International Equity ETF (NYSEARCA:PPIE) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 16,527 shares, a decrease of 15.2% from the December 31st total of 19,484 shares. Based on an average daily trading volume, of 6,022 shares, the short-interest ratio is presently 2.7 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 6,022 shares, the short-interest ratio is presently 2.7 days.

Institutional Trading of Putnam PanAgora ESG International Equity ETF

A hedge fund recently raised its stake in Putnam PanAgora ESG International Equity ETF stock. Franklin Resources Inc. boosted its position in shares of Putnam PanAgora ESG International Equity ETF (NYSEARCA:PPIE) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,959,394 shares of the company’s stock after buying an additional 49,512 shares during the period. Franklin Resources Inc. owned 97.38% of Putnam PanAgora ESG International Equity ETF worth $239,991,000 at the end of the most recent quarter.

Putnam PanAgora ESG International Equity ETF Price Performance

PPIE stock traded up $0.20 during midday trading on Wednesday, hitting $28.34. 8,892 shares of the stock traded hands, compared to its average volume of 8,150. Putnam PanAgora ESG International Equity ETF has a 1-year low of $21.35 and a 1-year high of $29.22. The stock’s fifty day simple moving average is $27.95 and its 200-day simple moving average is $27.82. The firm has a market cap of $289.03 million, a P/E ratio of 14.65 and a beta of 0.62.

Putnam PanAgora ESG International Equity ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were paid a $2.2682 dividend. This represents a dividend yield of 847.0%. The ex-dividend date was Friday, December 19th.

Putnam PanAgora ESG International Equity ETF Company Profile

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.