Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Short Interest Up 130.4% in May

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 417 shares, a growth of 130.4% from the April 30th total of 181 shares. Based on an average daily volume of 1,365 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Putnam PanAgora ESG Emerging Markets Equity ETF Stock Performance

Shares of Putnam PanAgora ESG Emerging Markets Equity ETF stock traded up $0.04 on Tuesday, hitting $23.51. The company’s stock had a trading volume of 10 shares, compared to its average volume of 14,825. Putnam PanAgora ESG Emerging Markets Equity ETF has a 1 year low of $18.07 and a 1 year high of $32.10. The firm has a fifty day moving average price of $21.07 and a 200-day moving average price of $24.47. The company has a market capitalization of $8.23 million, a price-to-earnings ratio of 15.43 and a beta of 0.89.

Hedge Funds Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in Putnam PanAgora ESG Emerging Markets Equity ETF in the 1st quarter valued at $4,296,000. Franklin Resources Inc. grew its holdings in 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 buying an additional 63,962 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Putnam PanAgora ESG Emerging Markets Equity ETF in the 3rd quarter valued at $553,000. Finally, Cetera Investment Advisers purchased a new stake in Putnam PanAgora ESG Emerging Markets Equity ETF in the 4th quarter valued at $267,000.

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.