Parnassus Value Select ETF (NYSE:PRVS – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 16,634 shares, a growth of 129.0% from the August 31st total of 7,263 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average trading volume of 4,692 shares, the short-interest ratio is currently 3.5 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Parnassus Value Select ETF stock. Sankala Group LLC purchased a new position in shares of Parnassus Value Select ETF (NYSE:PRVS – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,679 shares of the company’s stock, valued at approximately $50,000. Sankala Group LLC owned 0.34% of Parnassus Value Select ETF at the end of the most recent reporting period.
Parnassus Value Select ETF Stock Up 0.4%
NYSE PRVS traded up $0.12 during trading on Friday, reaching $32.67. 2,216 shares of the stock traded hands, compared to its average volume of 6,637. The firm has a market cap of $29.41 million, a price-to-earnings ratio of 20.62 and a beta of 0.83. The stock’s 50-day moving average price is $33.00 and its 200 day moving average price is $31.28. Parnassus Value Select ETF has a fifty-two week low of $26.37 and a fifty-two week 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.
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