Short Interest in Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Increases By 4,232.9%

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 52,428 shares, a growth of 4,232.9% from the June 15th total of 1,210 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 64,556 shares, the short-interest ratio is currently 0.8 days.

Parametric Equity Premium Income ETF Stock Up 0.7%

Shares of NYSEARCA:PAPI traded up $0.18 during midday trading on Friday, reaching $27.14. The company’s stock had a trading volume of 77,069 shares, compared to its average volume of 77,297. The stock has a fifty day moving average of $26.63 and a 200 day moving average of $27.02. Parametric Equity Premium Income ETF has a twelve month low of $24.75 and a twelve month high of $28.53. The firm has a market capitalization of $409.81 million, a PE ratio of 15.71 and a beta of 0.23.

Institutional Investors Weigh In On Parametric Equity Premium Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. von Borstel & Associates Inc. acquired a new position in shares of Parametric Equity Premium Income ETF in the 3rd quarter valued at about $2,524,000. Janney Montgomery Scott LLC grew its holdings in Parametric Equity Premium Income ETF by 103.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock worth $1,860,000 after acquiring an additional 36,746 shares during the period. Finally, Wayfinding Financial LLC grew its holdings in Parametric Equity Premium Income ETF by 0.9% during the third quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock worth $2,571,000 after acquiring an additional 837 shares during the period.

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.