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

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 8,829 shares, a drop of 71.7% from the April 30th total of 31,196 shares. Based on an average daily volume of 81,469 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Parametric Equity Premium Income ETF Price Performance

PAPI opened at $26.69 on Friday. Parametric Equity Premium Income ETF has a fifty-two week low of $24.75 and a fifty-two week high of $28.53. The business has a 50-day moving average of $26.85 and a 200-day moving average of $26.84. The company has a market capitalization of $365.65 million, a PE ratio of 15.71 and a beta of 0.26.

Institutional Investors Weigh In On Parametric Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PAPI. Janney Montgomery Scott LLC increased its position in Parametric Equity Premium Income ETF by 103.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock worth $1,860,000 after buying an additional 36,746 shares during the last quarter. Wayfinding Financial LLC increased its position in Parametric Equity Premium Income ETF by 0.9% during the third quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock worth $2,571,000 after buying an additional 837 shares during the last quarter. Finally, von Borstel & Associates Inc. acquired a new position in Parametric Equity Premium Income ETF during the third quarter worth $2,524,000.

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.