UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) Shares Shorted: Short Interest Up 1,434.2% in September

UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 25,421 shares, an increase of 1,434.2% from the September 15th total of 1,657 shares. Based on an average trading volume of 6,659 shares, the days-to-cover ratio is presently 3.8 days. Currently, 0.7% of the shares of the stock are short sold.

UPAR Ultra Risk Parity ETF Price Performance

Shares of NYSEARCA UPAR traded up $0.13 during trading on Friday, hitting $15.06. 2,899 shares of the company were exchanged, compared to its average volume of 9,258. UPAR Ultra Risk Parity ETF has a 1 year low of $14.77 and a 1 year high of $17.71. The company has a market cap of $53.91 million, a price-to-earnings ratio of 15.89 and a beta of 0.98. The firm’s fifty day moving average price is $15.90 and its 200 day moving average price is $16.23.

UPAR Ultra Risk Parity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were issued a dividend of $0.1089 per share. This is a decrease from UPAR Ultra Risk Parity ETF’s previous quarterly dividend of $0.3290. This represents a $0.44 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, September 28th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in UPAR Ultra Risk Parity ETF stock. Farther Finance Advisors LLC grew its stake in shares of UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) by 42.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,484 shares of the company’s stock after acquiring an additional 3,420 shares during the period. Farther Finance Advisors LLC owned about 0.32% of UPAR Ultra Risk Parity ETF worth $171,000 at the end of the most recent reporting period.

About UPAR Ultra Risk Parity ETF

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.