PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Sees Significant Growth in Short Interest

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 6,781 shares, an increase of 59.0% from the July 15th total of 4,266 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 3,585 shares, the short-interest ratio is currently 1.9 days.

PMV Adaptive Risk Parity ETF Stock Performance

PMV Adaptive Risk Parity ETF stock opened at $34.04 on Thursday. The firm has a market cap of $69.44 million, a price-to-earnings ratio of -3.78 and a beta of 0.47. PMV Adaptive Risk Parity ETF has a 52-week low of $28.84 and a 52-week high of $34.12. The firm has a 50 day moving average price of $32.82 and a two-hundred day moving average price of $32.64.

Institutional Trading of PMV Adaptive Risk Parity ETF

A hedge fund recently raised its position in PMV Adaptive Risk Parity ETF stock. PMV Capital Advisers LLC grew its holdings in shares of PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 596,088 shares of the company’s stock after acquiring an additional 61,364 shares during the period. PMV Adaptive Risk Parity ETF accounts for approximately 31.6% of PMV Capital Advisers LLC’s investment portfolio, making the stock its biggest holding. PMV Capital Advisers LLC owned approximately 30.41% of PMV Adaptive Risk Parity ETF worth $18,705,000 at the end of the most recent quarter. 20.16% of the stock is owned by hedge funds and other institutional investors.

About PMV Adaptive Risk Parity ETF

The Pmv Adaptive Risk Parity ETF (ARP) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is an actively managed fund-of-funds that allocates to a variety of asset classes: global equities, fixed-income securities, commodities, and currencies based on risk parity. ARP was launched on Dec 21, 2022 and is managed by PMV.