Short Interest in Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Increases By 4,232.9%

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 52,428 shares, an increase of 4,232.9% from the June 15th total of 1,210 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 64,556 shares, the short-interest ratio is presently 0.8 days.

Parametric Equity Premium Income ETF Price Performance

Shares of NYSEARCA:PAPI traded up $0.18 during midday trading on Friday, hitting $27.14. The company had a trading volume of 77,069 shares, compared to its average volume of 77,297. Parametric Equity Premium Income ETF has a twelve month low of $24.75 and a twelve month high of $28.53. The stock has a market cap of $409.81 million, a price-to-earnings ratio of 15.71 and a beta of 0.23. The business’s 50-day simple moving average is $26.63 and its 200-day simple moving average is $27.02.

Institutional Trading of Parametric Equity Premium Income ETF

Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its stake in shares of Parametric Equity Premium Income ETF by 103.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock worth $1,860,000 after acquiring an additional 36,746 shares during the last quarter. von Borstel & Associates Inc. acquired a new position in shares of Parametric Equity Premium Income ETF during the 3rd quarter valued at about $2,524,000. Finally, Wayfinding Financial LLC boosted its position in shares of Parametric Equity Premium Income ETF by 0.9% during the 3rd quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock valued at $2,571,000 after acquiring an additional 837 shares during the last quarter.

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.