Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Short Interest Up 115.2% in February

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 3,436 shares, a growth of 115.2% from the January 29th total of 1,597 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,367 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 2,367 shares, the short-interest ratio is currently 1.5 days. Currently, 0.2% of the shares of the company are short sold.

Putnam PanAgora ESG Emerging Markets Equity ETF Trading Down 0.3%

NYSEARCA:PPEM traded down $0.07 during mid-day trading on Friday, hitting $21.04. 1,868 shares of the company’s stock traded hands, compared to its average volume of 37,348. The firm has a market capitalization of $42.08 million, a price-to-earnings ratio of 15.43 and a beta of 0.71. The firm has a 50 day moving average of $27.56 and a two-hundred day moving average of $27.32. Putnam PanAgora ESG Emerging Markets Equity ETF has a 12 month low of $18.79 and a 12 month high of $32.10.

Putnam PanAgora ESG Emerging Markets Equity ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 20th will be given a dividend of $9.95 per share. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers acquired a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF in the fourth quarter valued at $267,000. Citadel Advisors LLC acquired a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the third quarter worth about $553,000. Jane Street Group LLC acquired a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the first quarter worth about $4,296,000. Finally, Franklin Resources Inc. lifted its stake in 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 during the period.

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.