Short Interest in Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Declines By 34.5%

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,008 shares, a drop of 34.5% from the May 14th total of 1,538 shares. Based on an average daily volume of 455 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Trading of Putnam Emerging Markets ex-China ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fortis Capital Advisors LLC raised 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 worth $446,000 after purchasing an additional 907 shares during the last quarter. Castle Wealth Management LLC raised 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 worth $9,330,000 after purchasing an additional 1,277 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Putnam Emerging Markets ex-China ETF by 57.3% in the second quarter. Jane Street Group LLC now owns 10,818 shares of the company’s stock worth $641,000 after purchasing an additional 3,940 shares during the last quarter. Finally, Miller Global Investments LLC purchased a new stake in shares of Putnam Emerging Markets ex-China ETF in the fourth quarter worth approximately $313,000.

Putnam Emerging Markets ex-China ETF Price Performance

Shares of Putnam Emerging Markets ex-China ETF stock remained flat at $90.33 on Wednesday. The stock had a trading volume of 960 shares, compared to its average volume of 2,140. The firm has a market capitalization of $22.58 million, a PE ratio of 15.37 and a beta of 0.93. Putnam Emerging Markets ex-China ETF has a 12-month low of $55.94 and a 12-month high of $91.57. The stock’s 50-day simple moving average is $82.82 and its 200 day simple moving average is $74.34.

Putnam Emerging Markets ex-China ETF Company Profile

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.