Short Interest in Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Increases By 239.8%
by Doug Wharley · The Cerbat GemParametric Equity Premium Income ETF (NYSEARCA:PAPI – Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 31,196 shares, a growth of 239.8% from the April 15th total of 9,180 shares. Based on an average daily volume of 109,650 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.
Parametric Equity Premium Income ETF Price Performance
Shares of Parametric Equity Premium Income ETF stock traded up $0.01 on Friday, hitting $26.08. The company had a trading volume of 43,134 shares, compared to its average volume of 80,981. The business has a 50-day simple moving average of $27.03 and a 200-day simple moving average of $26.76. The company has a market cap of $357.30 million, a PE ratio of 15.71 and a beta of 0.26. Parametric Equity Premium Income ETF has a 52 week low of $24.75 and a 52 week high of $28.53.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Parametric Equity Premium Income ETF by 103.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock valued at $1,860,000 after acquiring an additional 36,746 shares in the last quarter. Wayfinding Financial LLC boosted its holdings in shares of Parametric Equity Premium Income ETF by 0.9% in the third 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 in the last quarter. Finally, von Borstel & Associates Inc. bought a new position in shares of Parametric Equity Premium Income ETF in the third quarter valued at approximately $2,524,000.
Parametric Equity Premium Income ETF Company Profile
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.