Putnam PanAgora ESG International Equity ETF (NYSEARCA:PPIE) Short Interest Up 58.5% in December

Putnam PanAgora ESG International Equity ETF (NYSEARCA:PPIE) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 19,484 shares, an increase of 58.5% from the December 15th total of 12,295 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 55,971 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 55,971 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Putnam PanAgora ESG International Equity ETF stock. Franklin Resources Inc. increased its position in Putnam PanAgora ESG International Equity ETF (NYSEARCA:PPIE) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,959,394 shares of the company’s stock after buying an additional 49,512 shares during the period. Franklin Resources Inc. owned about 97.38% of Putnam PanAgora ESG International Equity ETF worth $239,991,000 as of its most recent SEC filing.

Putnam PanAgora ESG International Equity ETF Stock Performance

Shares of NYSEARCA:PPIE traded down $0.01 on Friday, hitting $27.73. 2,940 shares of the company’s stock were exchanged, compared to its average volume of 5,704. The company has a market capitalization of $282.85 million, a PE ratio of 14.65 and a beta of 0.62. Putnam PanAgora ESG International Equity ETF has a 1-year low of $21.35 and a 1-year high of $29.22. The firm’s 50-day moving average is $28.02 and its 200 day moving average is $27.69.

Putnam PanAgora ESG International Equity ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were paid a dividend of $2.2682 per share. This represents a dividend yield of 847.0%. The ex-dividend date was Friday, December 19th.

Putnam PanAgora ESG International Equity ETF Company Profile

The Putnam Panagora ESG International Equity ETF (PPIE) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in developed international companies of any capitalization, excluding the US. Selected companies are perceived to possess positive environmental, social, and governance criteria. PPIE was launched on Jan 19, 2023 and is managed by Putnam.