Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,008 shares, a decline of 34.5% from the May 14th total of 1,538 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 455 shares, the days-to-cover ratio is presently 2.2 days.
Institutional Trading of Putnam Emerging Markets ex-China ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Putnam Emerging Markets ex-China ETF in the first quarter valued at approximately $345,000. Miller Global Investments LLC acquired a new stake in Putnam Emerging Markets ex-China ETF during the fourth quarter worth $313,000. Castle Wealth Management LLC raised its position in Putnam Emerging Markets ex-China ETF by 1.0% in 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. Finally, Fortis Capital Advisors LLC raised its position 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 valued at $446,000 after purchasing an additional 907 shares during the period.
Putnam Emerging Markets ex-China ETF Trading Up 3.1%
Putnam Emerging Markets ex-China ETF stock traded up $2.69 during midday trading on Tuesday, hitting $90.78. 711 shares of the stock were exchanged, compared to its average volume of 2,150. Putnam Emerging Markets ex-China ETF has a fifty-two week low of $55.94 and a fifty-two week high of $91.57. The stock has a market capitalization of $22.70 million, a price-to-earnings ratio of 15.37 and a beta of 0.93. The stock’s 50-day simple moving average is $82.41 and its 200 day simple moving average is $74.18.
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.
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