Short Interest in Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Decreases By 32.8%

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 23,727 shares, a decrease of 32.8% from the July 30th total of 35,321 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 94,081 shares, the short-interest ratio is currently 0.3 days.

Parametric Equity Premium Income ETF Price Performance

Parametric Equity Premium Income ETF stock opened at $27.79 on Wednesday. Parametric Equity Premium Income ETF has a one year low of $25.00 and a one year high of $28.53. The company’s fifty day moving average price is $27.60 and its two-hundred day moving average price is $27.27. The company has a market capitalization of $441.86 million, a price-to-earnings ratio of 15.71 and a beta of 0.21.

Institutional Trading of Parametric Equity Premium Income ETF

A hedge fund recently raised its stake in Parametric Equity Premium Income ETF stock. Janney Montgomery Scott LLC lifted its stake in Parametric Equity Premium Income ETF (NYSEARCA:PAPI) by 103.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,156 shares of the company’s stock after acquiring an additional 36,746 shares during the period. Janney Montgomery Scott LLC owned 0.67% of Parametric Equity Premium Income ETF worth $1,860,000 at the end of the most recent reporting period.

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.