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

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,906 shares, a drop of 98.5% from the June 15th total of 124,075 shares. Based on an average daily trading volume, of 1,079 shares, the short-interest ratio is presently 1.8 days. Approximately 0.5% of the shares of the company are short sold.

Putnam Emerging Markets ex-China ETF Stock Performance

Shares of NYSEARCA PEMX traded up $0.54 during trading on Friday, reaching $87.85. The stock had a trading volume of 456 shares, compared to its average volume of 1,985. Putnam Emerging Markets ex-China ETF has a one year low of $56.50 and a one year high of $95.20. The stock has a market cap of $33.38 million, a PE ratio of 15.37 and a beta of 0.92. The firm’s 50 day moving average price is $87.12 and its two-hundred day moving average price is $77.23.

Institutional Trading of Putnam Emerging Markets ex-China ETF

Several institutional investors have recently added to or reduced their stakes in PEMX. Castle Wealth Management LLC lifted its position in shares of Putnam Emerging Markets ex-China ETF by 1.0% in the 1st quarter. Castle Wealth Management LLC now owns 133,126 shares of the company’s stock worth $9,330,000 after buying an additional 1,277 shares during the last quarter. Jane Street Group LLC grew its position in shares of Putnam Emerging Markets ex-China ETF by 57.3% during the 2nd quarter. Jane Street Group LLC now owns 10,818 shares of the company’s stock valued at $641,000 after buying an additional 3,940 shares during the last quarter. Fortis Capital Advisors LLC grew its position in shares of Putnam Emerging Markets ex-China ETF by 15.0% during the 4th quarter. Fortis Capital Advisors LLC now owns 6,934 shares of the company’s stock valued at $446,000 after buying an additional 907 shares during the last quarter. Finally, Miller Global Investments LLC acquired a new stake in Putnam Emerging Markets ex-China ETF during the fourth quarter worth about $313,000.

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.