Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Short Interest Up 12,209.0% in June

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

Putnam Emerging Markets ex-China ETF Price Performance

Shares of NYSEARCA:PEMX opened at $89.63 on Friday. Putnam Emerging Markets ex-China ETF has a 1 year low of $56.50 and a 1 year high of $95.20. The business has a 50 day simple moving average of $85.32 and a two-hundred day simple moving average of $75.68. The firm has a market capitalization of $22.41 million, a PE ratio of 15.37 and a beta of 0.93.

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

Several hedge funds have recently made changes to their positions in PEMX. Castle Wealth Management LLC grew its holdings in Putnam Emerging Markets ex-China ETF by 1.0% during the first quarter. Castle Wealth Management LLC now owns 133,126 shares of the company’s stock worth $9,330,000 after acquiring an additional 1,277 shares during the period. Jane Street Group LLC grew its stake in 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 acquiring an additional 3,940 shares in the last quarter. 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, Miller Global Investments LLC acquired a new stake in Putnam Emerging Markets ex-China ETF during the fourth quarter worth about $313,000.

About Putnam Emerging Markets ex-China ETF

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.