Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Stock Short Interest Rises 218.6%

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 44,127 shares, an increase of 218.6% from the September 15th total of 13,849 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 96,646 shares, the days-to-cover ratio is currently 0.5 days.

Parametric Equity Premium Income ETF Stock Performance

NYSEARCA:PAPI traded up $0.13 on Tuesday, hitting $27.06. 60,669 shares of the stock were exchanged, compared to its average volume of 81,087. Parametric Equity Premium Income ETF has a 52 week low of $25.00 and a 52 week high of $28.53. The stock has a market capitalization of $506.02 million, a price-to-earnings ratio of 15.71 and a beta of 0.24. The company’s 50-day moving average price is $27.45 and its 200 day moving average price is $27.12.

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.