Putnam PanAgora ESG International Equity ETF (NYSEARCA:PPIE) Short Interest Update

Putnam PanAgora ESG International Equity ETF (NYSEARCA:PPIE) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 6,705 shares, a decline of 41.0% from the February 26th total of 11,364 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,888 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. &PARTNERS acquired a new stake in Putnam PanAgora ESG International Equity ETF during the 4th quarter valued at $470,000. Jane Street Group LLC boosted its stake in shares of Putnam PanAgora ESG International Equity ETF by 285.0% during the second quarter. Jane Street Group LLC now owns 182,521 shares of the company’s stock valued at $4,889,000 after acquiring an additional 135,115 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Putnam PanAgora ESG International Equity ETF by 4.5% during the 3rd quarter. Franklin Resources Inc. now owns 9,359,175 shares of the company’s stock worth $262,428,000 after purchasing an additional 399,781 shares in the last quarter.

Putnam PanAgora ESG International Equity ETF Stock Performance

NYSEARCA PPIE traded down $0.22 during trading hours on Friday, reaching $24.76. The company’s stock had a trading volume of 925 shares, compared to its average volume of 119,694. The company’s 50-day moving average is $27.37 and its two-hundred day moving average is $27.84. Putnam PanAgora ESG International Equity ETF has a fifty-two week low of $21.35 and a fifty-two week high of $29.52. The stock has a market cap of $252.55 million, a PE ratio of 14.65 and a beta of 0.62.

Putnam PanAgora ESG International Equity ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were given a $1.122 dividend. The ex-dividend date was Friday, February 20th.

Putnam PanAgora ESG International Equity ETF Company Profile

The Putnam Panagora ESG International Equity ETF (PPIE) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in developed international companies of any capitalization, excluding the US. Selected companies are perceived to possess positive environmental, social, and governance criteria. PPIE was launched on Jan 19, 2023 and is managed by Putnam.