Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Short Interest Up 2,215.3% in December

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 3,334 shares, an increase of 2,215.3% from the November 30th total of 144 shares. Based on an average daily trading volume, of 1,975 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,975 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PPEM. Franklin Resources Inc. boosted its stake in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,933,387 shares of the company’s stock valued at $53,032,000 after purchasing an additional 63,962 shares in the last quarter. Jane Street Group LLC lifted its holdings in Putnam PanAgora ESG Emerging Markets Equity ETF by 5.0% during the 2nd quarter. Jane Street Group LLC now owns 209,441 shares of the company’s stock valued at $5,162,000 after purchasing an additional 9,904 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Putnam PanAgora ESG Emerging Markets Equity ETF during the 3rd quarter valued at about $553,000.

Putnam PanAgora ESG Emerging Markets Equity ETF Stock Performance

Shares of Putnam PanAgora ESG Emerging Markets Equity ETF stock opened at $26.43 on Friday. The firm has a market cap of $49.69 million, a P/E ratio of 15.43 and a beta of 0.71. The firm’s 50-day simple moving average is $27.63 and its 200-day simple moving average is $26.36. Putnam PanAgora ESG Emerging Markets Equity ETF has a twelve month low of $18.92 and a twelve month high of $28.64.

Putnam PanAgora ESG Emerging Markets Equity ETF Announces Dividend

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

About Putnam PanAgora ESG Emerging Markets Equity ETF

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.