Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Short Interest Update

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 124,075 shares, a growth of 12,209.0% from the May 31st total of 1,008 shares. Currently, 49.6% of the company’s stock are sold short. Based on an average daily volume of 12,818 shares, the days-to-cover ratio is presently 9.7 days.

Institutional Investors Weigh In On Putnam Emerging Markets ex-China ETF

A number of institutional investors have recently modified their holdings of the stock. Castle Wealth Management LLC boosted its stake in shares of Putnam Emerging Markets ex-China ETF by 1.0% during the 1st quarter. Castle Wealth Management LLC now owns 133,126 shares of the company’s stock valued at $9,330,000 after buying an additional 1,277 shares during the period. Fortis Capital Advisors LLC increased its stake in shares of Putnam Emerging Markets ex-China ETF by 15.0% in the fourth quarter. Fortis Capital Advisors LLC now owns 6,934 shares of the company’s stock worth $446,000 after acquiring an additional 907 shares during the last quarter. Miller Global Investments LLC purchased a new stake in shares of Putnam Emerging Markets ex-China ETF during the fourth quarter worth $313,000. Finally, Jane Street Group LLC raised its holdings in shares of Putnam Emerging Markets ex-China ETF by 57.3% during the second quarter. Jane Street Group LLC now owns 10,818 shares of the company’s stock worth $641,000 after acquiring an additional 3,940 shares in the last quarter.

Putnam Emerging Markets ex-China ETF Stock Performance

Shares of PEMX stock traded up $1.53 during trading on Thursday, hitting $90.49. 234 shares of the company were exchanged, compared to its average volume of 2,097. The business’s 50-day simple moving average is $84.87 and its 200 day simple moving average is $75.42. Putnam Emerging Markets ex-China ETF has a twelve month low of $56.50 and a twelve month high of $95.20. The firm has a market capitalization of $22.62 million, a price-to-earnings ratio of 15.37 and a beta of 0.93.

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.