PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Short Interest Up 5,536.9% in April

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 13,303 shares, an increase of 5,536.9% from the April 15th total of 236 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 8,466 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On PMV Adaptive Risk Parity ETF

A hedge fund recently raised its stake in PMV Adaptive Risk Parity ETF stock. PMV Capital Advisers LLC boosted its stake in PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) by 11.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 596,088 shares of the company’s stock after buying an additional 61,364 shares during the quarter. PMV Adaptive Risk Parity ETF makes up about 31.6% of PMV Capital Advisers LLC’s holdings, making the stock its biggest position. PMV Capital Advisers LLC owned approximately 30.41% of PMV Adaptive Risk Parity ETF worth $18,705,000 as of its most recent filing with the Securities & Exchange Commission. 20.16% of the stock is owned by hedge funds and other institutional investors.

PMV Adaptive Risk Parity ETF Stock Performance

Shares of NYSEARCA:ARP opened at $33.73 on Wednesday. The company has a market cap of $67.12 million, a PE ratio of -3.75 and a beta of 0.46. PMV Adaptive Risk Parity ETF has a 52 week low of $27.45 and a 52 week high of $34.00. The firm has a 50 day simple moving average of $32.16 and a 200 day simple moving average of $31.99.

PMV Adaptive Risk Parity ETF Company Profile

The Pmv Adaptive Risk Parity ETF (ARP) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is an actively managed fund-of-funds that allocates to a variety of asset classes: global equities, fixed-income securities, commodities, and currencies based on risk parity. ARP was launched on Dec 21, 2022 and is managed by PMV.