Short Interest in Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Declines By 30.3%

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,597 shares, a drop of 30.3% from the January 15th total of 2,291 shares. Based on an average trading volume of 2,105 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 2,105 shares, the days-to-cover ratio is presently 0.8 days.

Putnam PanAgora ESG Emerging Markets Equity ETF Price Performance

NYSEARCA PPEM traded up $0.11 on Friday, hitting $30.50. The company had a trading volume of 3,442 shares, compared to its average volume of 3,987. The company’s fifty day moving average price is $28.09 and its 200-day moving average price is $27.34. The company has a market capitalization of $61 million, a PE ratio of 15.43 and a beta of 0.71. Putnam PanAgora ESG Emerging Markets Equity ETF has a 12-month low of $18.92 and a 12-month high of $32.10.

Putnam PanAgora ESG Emerging Markets Equity ETF Dividend Announcement

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

Institutional Investors Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the first quarter valued at approximately $4,296,000. Franklin Resources Inc. increased its position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 11.4% during the second quarter. Franklin Resources Inc. now owns 1,869,425 shares of the company’s stock worth $46,076,000 after purchasing an additional 191,722 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the third quarter worth approximately $553,000.

Putnam PanAgora ESG Emerging Markets Equity ETF Company Profile

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.