PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Short Interest Up 223.0% in June

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 9,380 shares, a growth of 223.0% from the May 31st total of 2,904 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 6,890 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On PMV Adaptive Risk Parity ETF

A hedge fund recently raised its position in PMV Adaptive Risk Parity ETF stock. PMV Capital Advisers LLC raised its stake in PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) by 11.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 596,088 shares of the company’s stock after purchasing an additional 61,364 shares during the period. PMV Adaptive Risk Parity ETF accounts for approximately 31.6% of PMV Capital Advisers LLC’s investment portfolio, making the stock its largest holding. PMV Capital Advisers LLC owned about 30.41% of PMV Adaptive Risk Parity ETF worth $18,705,000 at the end of the most recent reporting period. 20.16% of the stock is owned by hedge funds and other institutional investors.

PMV Adaptive Risk Parity ETF Price Performance

NYSEARCA ARP traded down $0.27 during midday trading on Friday, hitting $31.88. 5,153 shares of the company traded hands, compared to its average volume of 8,749. The company has a market cap of $63.44 million, a PE ratio of -3.54 and a beta of 0.46. The company’s 50-day simple moving average is $32.91 and its 200-day simple moving average is $32.32. PMV Adaptive Risk Parity ETF has a 52 week low of $28.18 and a 52 week high of $34.00.

About PMV Adaptive Risk Parity ETF

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.