Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Short Interest Update

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 1,906 shares, a decline of 98.5% from the June 15th total of 124,075 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 1,079 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in Putnam Emerging Markets ex-China ETF in the 1st quarter valued at approximately $345,000. Miller Global Investments LLC acquired a new position in Putnam Emerging Markets ex-China ETF during the 4th quarter worth approximately $313,000. Castle Wealth Management LLC boosted its position in Putnam Emerging Markets ex-China ETF by 1.0% during the 1st 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 last quarter. Finally, Fortis Capital Advisors LLC grew its stake in shares of Putnam Emerging Markets ex-China ETF by 15.0% during the 4th quarter. Fortis Capital Advisors LLC now owns 6,934 shares of the company’s stock worth $446,000 after acquiring an additional 907 shares in the last quarter.

Putnam Emerging Markets ex-China ETF Price Performance

PEMX stock traded up $0.54 during trading hours on Friday, reaching $87.85. 456 shares of the stock were exchanged, compared to its average volume of 1,985. The firm’s 50-day moving average is $87.12 and its 200-day moving average is $77.23. The company has a market cap of $33.38 million, a price-to-earnings ratio of 15.37 and a beta of 0.92. Putnam Emerging Markets ex-China ETF has a 12 month low of $56.50 and a 12 month high of $95.20.

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.