Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Stock Short Interest Drops 57.8%

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 13,849 shares, a drop of 57.8% from the August 31st total of 32,844 shares. Based on an average daily volume of 78,014 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Parametric Equity Premium Income ETF Price Performance

Parametric Equity Premium Income ETF stock opened at $26.66 on Wednesday. The company has a market cap of $477.21 million, a PE ratio of 15.71 and a beta of 0.21. The company has a fifty day moving average price of $27.66 and a two-hundred day moving average price of $27.16. Parametric Equity Premium Income ETF has a 12 month low of $25.00 and a 12 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.