RPAR Risk Parity ETF (NYSEARCA:RPAR) Sees Unusually-High Trading Volume – Still a Buy?

RPAR Risk Parity ETF (NYSEARCA:RPAR) shares saw an uptick in trading volume on Monday . 328,835 shares changed hands during trading, an increase of 645% from the previous session’s volume of 44,166 shares.The stock last traded at $21.4850 and had previously closed at $21.50.

RPAR Risk Parity ETF Price Performance

The stock has a market capitalization of $552.17 million, a P/E ratio of 16.43 and a beta of 0.71. The stock’s 50-day simple moving average is $21.50 and its 200 day simple moving average is $20.67.

Institutional Investors Weigh In On RPAR Risk Parity ETF

A hedge fund recently bought a new stake in RPAR Risk Parity ETF stock. Flow Traders U.S. LLC bought a new stake in RPAR Risk Parity ETF (NYSEARCA:RPAR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 31,661 shares of the company’s stock, valued at approximately $623,000. Flow Traders U.S. LLC owned about 0.12% of RPAR Risk Parity ETF at the end of the most recent quarter.

About RPAR Risk Parity ETF

The RPAR Risk Parity ETF (RPAR) is an exchange-traded fund that is based on the Advanced Research Risk Parity index. The fund is an actively managed fund-of-funds allocating to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. RPAR was launched on Dec 13, 2019 and is managed by RPAR.