UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) Sees Large Increase in Short Interest

UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 32,363 shares, an increase of 212.6% from the August 15th total of 10,353 shares. Based on an average daily trading volume, of 2,286 shares, the days-to-cover ratio is currently 14.2 days. Currently, 0.9% of the shares of the stock are sold short.

UPAR Ultra Risk Parity ETF Price Performance

UPAR Ultra Risk Parity ETF stock remained flat at $15.94 during mid-day trading on Friday. 3,917 shares of the company traded hands, compared to its average volume of 9,754. UPAR Ultra Risk Parity ETF has a one year low of $14.94 and a one year high of $17.71. The stock has a market cap of $59.77 million, a price-to-earnings ratio of 15.89 and a beta of 0.97. The company has a 50 day moving average of $16.08 and a 200 day moving average of $16.46.

UPAR Ultra Risk Parity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a $0.329 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.3%. This is a positive change from UPAR Ultra Risk Parity ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, June 29th.

UPAR Ultra Risk Parity ETF Company Profile

The UPAR Ultra Risk Parity ETF (UPAR) is an exchange-traded fund that is based on the Advanced Research Ultra Risk Parity index. The fund is actively managed to provide leveraged exposure to an index that allocates to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. UPAR was launched on Jan 3, 2022 and is managed by RPAR.