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

UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 7,182 shares, a decline of 56.8% from the April 15th total of 16,643 shares. Based on an average daily volume of 5,178 shares, the short-interest ratio is currently 1.4 days. Currently, 0.2% of the company’s stock are sold short.

UPAR Ultra Risk Parity ETF Trading Down 2.3%

Shares of NYSEARCA:UPAR traded down $0.39 during trading on Friday, hitting $16.50. 3,911 shares of the company’s stock traded hands, compared to its average volume of 5,329. UPAR Ultra Risk Parity ETF has a 52 week low of $13.37 and a 52 week high of $17.71. The company has a market cap of $68.48 million, a price-to-earnings ratio of 15.89 and a beta of 0.97. The company has a 50-day moving average price of $16.59 and a 200-day moving average price of $16.21.

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.