Short Interest in Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Grows By 76.0%

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,040 shares, a growth of 76.0% from the April 15th total of 1,159 shares. Based on an average trading volume of 769 shares, the short-interest ratio is currently 2.7 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Trading of Putnam Emerging Markets ex-China ETF

Large investors have recently bought and sold shares of the business. Miller Global Investments LLC purchased a new position in Putnam Emerging Markets ex-China ETF in the 4th quarter worth approximately $313,000. Jane Street Group LLC purchased a new stake in shares of Putnam Emerging Markets ex-China ETF in the first quarter valued at approximately $345,000. Fortis Capital Advisors LLC increased its holdings 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 valued at $446,000 after purchasing an additional 907 shares during the last quarter. Finally, Castle Wealth Management LLC increased its holdings in shares of Putnam Emerging Markets ex-China ETF by 1.0% in the first quarter. Castle Wealth Management LLC now owns 133,126 shares of the company’s stock valued at $9,330,000 after purchasing an additional 1,277 shares during the last quarter.

Putnam Emerging Markets ex-China ETF Stock Performance

Shares of Putnam Emerging Markets ex-China ETF stock remained flat at $81.56 during midday trading on Tuesday. 164 shares of the company traded hands, compared to its average volume of 1,051. The business has a 50-day moving average price of $75.90 and a two-hundred day moving average price of $71.34. The stock has a market capitalization of $20.39 million, a PE ratio of 15.37 and a beta of 0.91. Putnam Emerging Markets ex-China ETF has a 52-week low of $54.79 and a 52-week high of $86.01.

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.