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

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) was the target of 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. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 1,079 shares, the short-interest ratio is currently 1.8 days.

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

Several institutional investors have recently modified their holdings of PEMX. Castle Wealth Management LLC increased its holdings in shares of 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 valued at $9,330,000 after purchasing an additional 1,277 shares during the period. Fortis Capital Advisors LLC lifted its holdings in 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 purchasing an additional 907 shares during the period. Miller Global Investments LLC acquired a new stake in Putnam Emerging Markets ex-China ETF in the fourth quarter worth about $313,000. Finally, Jane Street Group LLC grew its position in Putnam Emerging Markets ex-China ETF by 57.3% in 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 in the last quarter.

Putnam Emerging Markets ex-China ETF Price Performance

NYSEARCA:PEMX traded up $0.54 during midday trading on Friday, reaching $87.85. 456 shares of the company traded hands, compared to its average volume of 1,985. The firm has a market capitalization of $33.38 million, a price-to-earnings ratio of 15.37 and a beta of 0.92. The company has a fifty day moving average price of $87.12 and a 200 day moving average price of $77.23. Putnam Emerging Markets ex-China ETF has a twelve month low of $56.50 and a twelve month high of $95.20.

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.