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

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,210 shares, a decline of 92.4% from the May 31st total of 15,991 shares. Based on an average daily volume of 80,751 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAPI. von Borstel & Associates Inc. bought a new stake in Parametric Equity Premium Income ETF during the 3rd quarter worth about $2,524,000. Janney Montgomery Scott LLC raised its stake in shares of Parametric Equity Premium Income ETF by 103.8% in the fourth 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 last quarter. Finally, Wayfinding Financial LLC lifted its position in shares of Parametric Equity Premium Income ETF by 0.9% during the third quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock worth $2,571,000 after purchasing an additional 837 shares in the last quarter.

Parametric Equity Premium Income ETF Price Performance

Shares of PAPI stock traded up $0.18 during trading hours on Thursday, hitting $26.98. 69,483 shares of the company’s stock were exchanged, compared to its average volume of 78,286. The stock’s 50-day moving average is $26.56 and its 200-day moving average is $26.95. The stock has a market cap of $369.63 million, a price-to-earnings ratio of 15.71 and a beta of 0.24. Parametric Equity Premium Income ETF has a 52 week low of $24.75 and a 52 week high of $28.53.

Parametric Equity Premium Income ETF Company Profile

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.