Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Short Interest Up 130.4% in May

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 417 shares, an increase of 130.4% from the April 30th total of 181 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,365 shares, the days-to-cover ratio is presently 0.3 days.

Putnam PanAgora ESG Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:PPEM traded up $0.04 during trading on Monday, reaching $23.51. 10 shares of the company were exchanged, compared to its average volume of 14,825. The firm has a market capitalization of $8.23 million, a PE ratio of 15.43 and a beta of 0.89. The business’s fifty day simple moving average is $21.07 and its 200-day simple moving average is $24.47. Putnam PanAgora ESG Emerging Markets Equity ETF has a 12-month low of $18.07 and a 12-month high of $32.10.

Institutional Investors Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

Hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 6.5% in the 1st quarter. Cetera Investment Advisers now owns 10,705 shares of the company’s stock worth $201,000 after buying an additional 656 shares during the period. Citadel Advisors LLC purchased a new position in Putnam PanAgora ESG Emerging Markets Equity ETF during the 3rd quarter valued at about $553,000. Jane Street Group LLC purchased a new position in Putnam PanAgora ESG Emerging Markets Equity ETF during the 1st quarter valued at about $4,296,000. Finally, Franklin Resources Inc. increased its position in Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,933,387 shares of the company’s stock valued at $53,032,000 after purchasing an additional 63,962 shares during the period.

About Putnam PanAgora ESG Emerging Markets Equity ETF

The PortfolioPlus Emerging Markets ETF (PPEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in companies of any capitalization located in emerging markets. Selected companies are perceived to possess positive environmental, social, and governance criteria. PPEM was launched on Jan 19, 2023 and is managed by Putnam.