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

UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 41,879 shares, an increase of 64.7% from the September 30th total of 25,421 shares. Based on an average trading volume of 6,915 shares, the short-interest ratio is currently 6.1 days. Currently, 1.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its position in UPAR Ultra Risk Parity ETF stock. Farther Finance Advisors LLC lifted its position in shares of UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) by 42.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,484 shares of the company’s stock after purchasing an additional 3,420 shares during the quarter. Farther Finance Advisors LLC owned 0.32% of UPAR Ultra Risk Parity ETF worth $171,000 at the end of the most recent reporting period.

UPAR Ultra Risk Parity ETF Trading Up 1.4%

NYSEARCA:UPAR traded up $0.22 on Monday, hitting $15.46. The company had a trading volume of 793 shares, compared to its average volume of 9,209. The firm has a 50 day moving average of $15.65 and a two-hundred day moving average of $16.28. The stock has a market capitalization of $55.34 million, a price-to-earnings ratio of 15.89 and a beta of 0.98. UPAR Ultra Risk Parity ETF has a 52 week low of $14.77 and a 52 week high of $17.71.

UPAR Ultra Risk Parity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were issued a $0.1089 dividend. The ex-dividend date was Monday, September 28th. This is a negative change from UPAR Ultra Risk Parity ETF’s previous quarterly dividend of $0.3290. This represents a $0.44 dividend on an annualized basis and a yield of 2.8%.

UPAR Ultra Risk Parity ETF Company Profile

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.