Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Short Interest Update

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 15,991 shares, an increase of 81.1% from the May 14th total of 8,829 shares. Based on an average daily volume of 59,051 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Parametric Equity Premium Income ETF Price Performance

NYSEARCA PAPI traded up $0.03 on Tuesday, hitting $26.80. 40,101 shares of the company’s stock were exchanged, compared to its average volume of 78,860. The firm’s 50-day moving average price is $26.68 and its two-hundred day moving average price is $26.92. Parametric Equity Premium Income ETF has a fifty-two week low of $24.75 and a fifty-two week high of $28.53. The firm has a market cap of $367.16 million, a price-to-earnings ratio of 15.71 and a beta of 0.24.

Institutional Investors Weigh In On Parametric Equity Premium Income ETF

Institutional investors and hedge funds have recently modified their holdings of the company. von Borstel & Associates Inc. acquired a new stake in shares of Parametric Equity Premium Income ETF in the 3rd quarter worth approximately $2,524,000. Janney Montgomery Scott LLC grew its holdings in shares of Parametric Equity Premium Income ETF by 103.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock worth $1,860,000 after acquiring an additional 36,746 shares during the period. Finally, Wayfinding Financial LLC raised its position in shares of Parametric Equity Premium Income ETF by 0.9% during the 3rd quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock worth $2,571,000 after purchasing an additional 837 shares during the last quarter.

About Parametric Equity Premium Income ETF

The Parametric Equity Premium Income ETF (PAPI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in a broad equity portfolio of US dividend payers, while utilizing a laddered, naked call writing strategy on the S&P 500. The fund seeks to provide monthly income and capital appreciation. PAPI was launched on Oct 16, 2023 and is issued by Parametric.