Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Sees Large Growth in Short Interest

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 52,428 shares, an increase of 4,232.9% from the June 15th total of 1,210 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 64,556 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Parametric Equity Premium Income ETF

Several hedge funds have recently made changes to their positions in PAPI. Janney Montgomery Scott LLC lifted its position in Parametric Equity Premium Income ETF by 103.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock worth $1,860,000 after acquiring an additional 36,746 shares during the period. von Borstel & Associates Inc. acquired a new position in shares of Parametric Equity Premium Income ETF in the third quarter valued at about $2,524,000. Finally, Wayfinding Financial LLC increased its holdings in shares of Parametric Equity Premium Income ETF by 0.9% in the third quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock valued at $2,571,000 after purchasing an additional 837 shares during the period.

Parametric Equity Premium Income ETF Price Performance

Parametric Equity Premium Income ETF stock traded up $0.18 during mid-day trading on Friday, reaching $27.14. 77,069 shares of the company traded hands, compared to its average volume of 77,297. Parametric Equity Premium Income ETF has a fifty-two week low of $24.75 and a fifty-two week high of $28.53. The company has a market capitalization of $412.53 million, a price-to-earnings ratio of 15.71 and a beta of 0.23. The firm’s fifty day moving average is $26.63 and its two-hundred day moving average is $27.02.

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.