Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Sees Large Decrease in Short Interest

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 8,829 shares, a decrease of 71.7% from the April 30th total of 31,196 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 81,469 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its stake in shares of Parametric Equity Premium Income ETF by 103.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock worth $1,860,000 after purchasing an additional 36,746 shares in the last quarter. von Borstel & Associates Inc. acquired a new stake in Parametric Equity Premium Income ETF in the third quarter worth approximately $2,524,000. Finally, Wayfinding Financial LLC lifted its position in Parametric Equity Premium Income ETF by 0.9% in the third quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock worth $2,571,000 after purchasing an additional 837 shares during the period.

Parametric Equity Premium Income ETF Trading Up 0.1%

NYSEARCA:PAPI opened at $26.69 on Friday. The firm has a market capitalization of $365.65 million, a PE ratio of 15.71 and a beta of 0.26. The stock has a 50 day moving average of $26.85 and a 200-day moving average of $26.84. Parametric Equity Premium Income ETF has a 52 week low of $24.75 and a 52 week high of $28.53.

Parametric Equity Premium Income ETF Company Profile

The Parametric Equity Premium Income ETF (PAPI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in a broad equity portfolio of US dividend payers, while utilizing a laddered, naked call writing strategy on the S&P 500. The fund seeks to provide monthly income and capital appreciation. PAPI was launched on Oct 16, 2023 and is issued by Parametric.