Short Interest in Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) Drops By 34.5%

Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,008 shares, a decrease of 34.5% from the May 14th total of 1,538 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 455 shares, the short-interest ratio is presently 2.2 days.

Putnam Emerging Markets ex-China ETF Stock Up 3.1%

NYSEARCA:PEMX traded up $2.69 on Tuesday, reaching $90.78. 711 shares of the company’s stock were exchanged, compared to its average volume of 2,150. The firm has a market capitalization of $22.70 million, a price-to-earnings ratio of 15.37 and a beta of 0.93. The business has a fifty day moving average of $82.41 and a 200-day moving average of $74.18. Putnam Emerging Markets ex-China ETF has a 52-week low of $55.94 and a 52-week high of $91.57.

Institutional Trading of Putnam Emerging Markets ex-China ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PEMX. Miller Global Investments LLC purchased a new stake in Putnam Emerging Markets ex-China ETF during the fourth quarter worth about $313,000. Jane Street Group LLC purchased a new stake in Putnam Emerging Markets ex-China ETF during the first quarter worth about $345,000. Fortis Capital Advisors LLC increased its stake in Putnam Emerging Markets ex-China ETF by 15.0% during 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. Finally, Castle Wealth Management LLC increased its stake 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 purchasing an additional 1,277 shares during the period.

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.