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

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,210 shares, a decrease of 92.4% from the May 31st total of 15,991 shares. Based on an average daily trading volume, of 80,751 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Parametric Equity Premium Income ETF Price Performance

Parametric Equity Premium Income ETF stock traded up $0.20 during mid-day trading on Friday, reaching $27.18. The company had a trading volume of 101,403 shares, compared to its average volume of 78,476. The stock’s 50-day simple moving average is $26.57 and its 200-day simple moving average is $26.95. Parametric Equity Premium Income ETF has a 1 year low of $24.75 and a 1 year high of $28.53. The company has a market capitalization of $372.37 million, a P/E ratio of 15.71 and a beta of 0.24.

Hedge Funds Weigh In On Parametric Equity Premium Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. von Borstel & Associates Inc. purchased a new position in shares of Parametric Equity Premium Income ETF in the third quarter valued at $2,524,000. Janney Montgomery Scott LLC grew its stake in Parametric Equity Premium Income ETF by 103.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock valued at $1,860,000 after acquiring an additional 36,746 shares during the last quarter. Finally, Wayfinding Financial LLC grew its stake in Parametric Equity Premium Income ETF by 0.9% in the 3rd quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock valued at $2,571,000 after acquiring an additional 837 shares during the last quarter.

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.