PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Short Interest Up 223.0% in June

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 9,380 shares, an increase of 223.0% from the May 31st total of 2,904 shares. Based on an average daily volume of 6,890 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.5% of the company’s shares are short sold.

PMV Adaptive Risk Parity ETF Trading Down 0.8%

Shares of ARP traded down $0.27 during trading hours on Friday, reaching $31.88. 5,153 shares of the company traded hands, compared to its average volume of 8,749. The stock’s fifty day moving average price is $32.91 and its 200 day moving average price is $32.32. The firm has a market cap of $63.44 million, a price-to-earnings ratio of -3.54 and a beta of 0.46. PMV Adaptive Risk Parity ETF has a 12-month low of $28.18 and a 12-month high of $34.00.

Hedge Funds 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 grew its stake in shares of PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) by 11.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 596,088 shares of the company’s stock after acquiring an additional 61,364 shares during the period. PMV Adaptive Risk Parity ETF comprises approximately 31.6% of PMV Capital Advisers LLC’s investment portfolio, making the stock its biggest holding. PMV Capital Advisers LLC owned approximately 30.41% of PMV Adaptive Risk Parity ETF worth $18,705,000 at the end of the most recent reporting period. 20.16% of the stock is owned by institutional investors.

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.