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

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) was the recipient 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. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 769 shares, the days-to-cover ratio is presently 2.7 days.

Putnam Emerging Markets ex-China ETF Price Performance

Putnam Emerging Markets ex-China ETF stock remained flat at $81.56 during trading hours on Monday. 215 shares of the company’s stock traded hands, compared to its average volume of 1,060. 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 1 year low of $54.79 and a 1 year high of $86.01. The stock has a 50 day moving average of $75.70 and a 200-day moving average of $71.24.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Miller Global Investments LLC acquired a new position in Putnam Emerging Markets ex-China ETF in the fourth quarter worth $313,000. Jane Street Group LLC acquired a new position in Putnam Emerging Markets ex-China ETF in the first quarter worth $345,000. Fortis Capital Advisors LLC boosted its stake 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 in the last quarter. Finally, Castle Wealth Management LLC boosted its stake in Putnam Emerging Markets ex-China ETF by 1.8% in the third quarter. Castle Wealth Management LLC now owns 133,180 shares of the company’s stock worth $8,356,000 after purchasing an additional 2,336 shares in the last quarter.

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.