Parametric Equity Premium Income ETF (NYSEARCA:PAPI – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 18,761 shares, a drop of 57.5% from the September 30th total of 44,127 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 101,647 shares, the days-to-cover ratio is presently 0.2 days.
Parametric Equity Premium Income ETF Stock Performance
PAPI stock remained flat at $28.26 during midday trading on Friday. The company’s stock had a trading volume of 112,196 shares, compared to its average volume of 80,615. The stock has a market cap of $539.77 million, a PE ratio of 15.71 and a beta of 0.24. The company’s 50-day moving average is $27.43 and its 200-day moving average is $27.28. Parametric Equity Premium Income ETF has a twelve month low of $25.00 and a twelve month high of $28.53.
About Parametric Equity Premium Income ETF
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.
See Also
- Five stocks we like better than Parametric Equity Premium Income ETF
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for Parametric Equity Premium Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parametric Equity Premium Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
