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) was the recipient of a significant 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,975 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 1,975 shares, the short-interest ratio is currently 1.7 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in Putnam PanAgora ESG Emerging Markets Equity ETF in the 3rd quarter valued at about $553,000. Franklin Resources Inc. lifted its holdings in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% in the third 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. Finally, Jane Street Group LLC grew its position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 5.0% in the second 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.

Putnam PanAgora ESG Emerging Markets Equity ETF Stock Performance

PPEM traded up $0.12 on Wednesday, hitting $26.43. 362 shares of the company were exchanged, compared to its average volume of 3,856. Putnam PanAgora ESG Emerging Markets Equity ETF has a fifty-two week low of $18.92 and a fifty-two week high of $28.64. The firm has a market capitalization of $49.69 million, a P/E ratio of 15.43 and a beta of 0.71. The business’s fifty day moving average is $27.69 and its 200 day moving average is $26.36.

Putnam PanAgora ESG Emerging Markets Equity ETF Announces Dividend

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

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.