Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Sees Significant Increase in Short Interest

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 124,075 shares, an increase of 12,209.0% from the May 31st total of 1,008 shares. Based on an average daily volume of 12,818 shares, the short-interest ratio is currently 9.7 days. Approximately 49.6% of the shares of the company are short sold.

Putnam Emerging Markets ex-China ETF Stock Performance

Shares of NYSEARCA:PEMX traded up $1.53 during trading hours on Thursday, hitting $90.49. The stock had a trading volume of 234 shares, compared to its average volume of 2,097. The stock’s fifty day simple moving average is $84.87 and its 200 day simple moving average is $75.42. The firm has a market capitalization of $22.62 million, a price-to-earnings ratio of 15.37 and a beta of 0.93. Putnam Emerging Markets ex-China ETF has a 1-year low of $56.50 and a 1-year high of $95.20.

Institutional Trading of Putnam Emerging Markets ex-China ETF

Several hedge funds have recently added to or reduced their stakes in PEMX. Miller Global Investments LLC acquired a new position in Putnam Emerging Markets ex-China ETF during the 4th quarter worth $313,000. Jane Street Group LLC acquired a new position in shares of Putnam Emerging Markets ex-China ETF during the 1st quarter valued at $345,000. Fortis Capital Advisors LLC grew its holdings in Putnam Emerging Markets ex-China ETF by 15.0% during the fourth quarter. Fortis Capital Advisors LLC now owns 6,934 shares of the company’s stock worth $446,000 after acquiring an additional 907 shares during the period. Finally, Castle Wealth Management LLC grew its holdings in Putnam Emerging Markets ex-China ETF by 1.0% during the first quarter. Castle Wealth Management LLC now owns 133,126 shares of the company’s stock worth $9,330,000 after acquiring an additional 1,277 shares during the period.

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.