PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Sees Large Drop in Short Interest

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 2,904 shares, a drop of 65.9% from the May 14th total of 8,523 shares. Based on an average trading volume of 5,425 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

PMV Adaptive Risk Parity ETF Trading Up 0.1%

NYSEARCA:ARP traded up $0.04 during midday trading on Friday, hitting $32.57. 2,117 shares of the company were exchanged, compared to its average volume of 8,881. The company has a fifty day simple moving average of $32.82 and a 200 day simple moving average of $32.28. PMV Adaptive Risk Parity ETF has a fifty-two week low of $28.18 and a fifty-two week high of $34.00. The company has a market capitalization of $64.81 million, a PE ratio of -3.62 and a beta of 0.46.

Institutional Investors Weigh In On PMV Adaptive Risk Parity ETF

An institutional investor recently raised its position in PMV Adaptive Risk Parity ETF stock. PMV Capital Advisers LLC increased its stake in shares of PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) by 11.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596,088 shares of the company’s stock after acquiring an additional 61,364 shares during the quarter. PMV Adaptive Risk Parity ETF comprises approximately 31.6% of PMV Capital Advisers LLC’s portfolio, making the stock its largest holding. PMV Capital Advisers LLC owned about 30.41% of PMV Adaptive Risk Parity ETF worth $18,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 20.16% of the company’s stock.

PMV Adaptive Risk Parity ETF Company Profile

The Pmv Adaptive Risk Parity ETF (ARP) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is an actively managed fund-of-funds that allocates to a variety of asset classes: global equities, fixed-income securities, commodities, and currencies based on risk parity. ARP was launched on Dec 21, 2022 and is managed by PMV.