Parnassus Value Select ETF (NYSE:PRVS) Shares Shorted: Short Interest Up 129.0% in September

Parnassus Value Select ETF (NYSE:PRVS) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 16,634 shares, an increase of 129.0% from the August 31st total of 7,263 shares. Based on an average daily volume of 4,692 shares, the short-interest ratio is currently 3.5 days. Currently, 1.8% of the shares of the company are short sold.

Institutional Investors Weigh In On Parnassus Value Select ETF

A hedge fund recently bought a new stake in Parnassus Value Select ETF stock. Sankala Group LLC bought a new stake in Parnassus Value Select ETF (NYSE:PRVS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,679 shares of the company’s stock, valued at approximately $50,000. Sankala Group LLC owned about 0.34% of Parnassus Value Select ETF at the end of the most recent quarter.

Parnassus Value Select ETF Stock Up 0.4%

Shares of NYSE PRVS traded up $0.12 during mid-day trading on Friday, reaching $32.67. 2,216 shares of the company were exchanged, compared to its average volume of 6,637. The stock has a market capitalization of $29.41 million, a P/E ratio of 20.62 and a beta of 0.83. The company’s 50-day simple moving average is $33.00 and its 200-day simple moving average is $31.28. Parnassus Value Select ETF has a twelve month low of $26.37 and a twelve month high of $33.71.

Parnassus Value Select ETF Company Profile

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.