Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Short Interest Up 708.4% in August

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMXGet Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 14,139 shares, a growth of 708.4% from the July 30th total of 1,749 shares. Based on an average trading volume of 2,475 shares, the short-interest ratio is currently 5.7 days. Approximately 3.7% of the company’s shares are short sold.

Putnam Emerging Markets ex-China ETF Price Performance

Putnam Emerging Markets ex-China ETF stock remained flat at $85.81 during mid-day trading on Thursday. The company had a trading volume of 691 shares, compared to its average volume of 1,881. The business has a 50-day moving average price of $85.57 and a two-hundred day moving average price of $80.94. The firm has a market cap of $32.61 million, a price-to-earnings ratio of 15.37 and a beta of 0.96. Putnam Emerging Markets ex-China ETF has a 52 week low of $59.18 and a 52 week high of $95.20.

Hedge Funds Weigh In On Putnam Emerging Markets ex-China ETF

A hedge fund recently raised its stake in Putnam Emerging Markets ex-China ETF stock. Jane Street Group LLC boosted its stake in Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMXFree Report) by 57.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,818 shares of the company’s stock after buying an additional 3,940 shares during the period. Jane Street Group LLC owned approximately 4.33% of Putnam Emerging Markets ex-China ETF worth $641,000 at the end of the most recent quarter.

Putnam Emerging Markets ex-China ETF Company Profile

(Get Free Report)

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.

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