Parnassus Value Select ETF (NYSE:PRVS) Shares Shorted: Short Interest Down 61.5% in September

Parnassus Value Select ETF (NYSE:PRVS) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 6,406 shares, a drop of 61.5% from the September 15th total of 16,634 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 5,012 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On Parnassus Value Select ETF

A hedge fund recently bought a new position in Parnassus Value Select ETF stock. Sankala Group LLC purchased a new stake in Parnassus Value Select ETF (NYSE:PRVS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 quarter.

Parnassus Value Select ETF Trading Down 0.4%

Shares of Parnassus Value Select ETF stock traded down $0.14 on Wednesday, reaching $32.50. 1,407 shares of the company were exchanged, compared to its average volume of 6,491. The company has a market capitalization of $29.25 million, a price-to-earnings ratio of 20.62 and a beta of 0.85. Parnassus Value Select ETF has a one year low of $26.59 and a one year high of $33.71. The company has a 50-day moving average of $33.00 and a 200 day moving average of $31.71.

About Parnassus Value Select ETF

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.