Short Interest in PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Drops By 88.6%

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 1,740 shares, a drop of 88.6% from the January 29th total of 15,208 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 8,032 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 8,032 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

PMV Adaptive Risk Parity ETF Stock Performance

Shares of PMV Adaptive Risk Parity ETF stock traded up $0.13 during trading on Friday, reaching $33.74. The company had a trading volume of 3,900 shares, compared to its average volume of 12,923. PMV Adaptive Risk Parity ETF has a fifty-two week low of $26.30 and a fifty-two week high of $34.00. The firm’s fifty day moving average is $32.12 and its 200-day moving average is $31.28. The company has a market cap of $61.41 million, a price-to-earnings ratio of -3.75 and a beta of 0.41.

PMV Adaptive Risk Parity ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were issued a dividend of $1.9744 per share. This represents a yield of 649.0%. The ex-dividend date of this dividend was Tuesday, December 30th. PMV Adaptive Risk Parity ETF’s dividend payout ratio (DPR) is currently -15.89%.

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 lifted its position in shares of PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) by 10.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 496,039 shares of the company’s stock after acquiring an additional 46,642 shares during the period. PMV Adaptive Risk Parity ETF accounts for 29.6% of PMV Capital Advisers LLC’s portfolio, making the stock its biggest holding. PMV Capital Advisers LLC owned about 31.59% of PMV Adaptive Risk Parity ETF worth $15,257,000 at the end of the most recent reporting period. 20.16% of the stock is currently owned by institutional investors and hedge funds.

About PMV Adaptive Risk Parity ETF

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.