Parnassus Value Select ETF (NYSE:PRVS) Stock Short Interest Climbs 288.0%

Parnassus Value Select ETF (NYSE:PRVS) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 24,856 shares, an increase of 288.0% from the September 30th total of 6,406 shares. Based on an average trading volume of 4,430 shares, the days-to-cover ratio is presently 5.6 days. Currently, 2.8% of the company’s shares are sold short.

Parnassus Value Select ETF Stock Performance

PRVS traded down $0.07 on Friday, hitting $32.58. 492 shares of the company were exchanged, compared to its average volume of 6,343. The firm has a fifty day simple moving average of $32.83 and a two-hundred day simple moving average of $31.04. The stock has a market capitalization of $29.32 million, a PE ratio of 20.62 and a beta of 0.85. Parnassus Value Select ETF has a 12 month low of $26.59 and a 12 month high of $33.71.

Parnassus Value Select ETF Company Profile

The Parnassus Value Select ETF (PRVS) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in a concentrated portfolio of 20-30 large-cap US equity securities using a value strategy. The fund focuses on undervalued companies with strong financials and sustainable business practices, aiming for capital appreciation while minimizing exposure to broader market risks PRVS was launched on Dec 12, 2024 and is issued by Parnassus Investments.