PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Sees Significant Growth in Short Interest

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 6,781 shares, a growth of 59.0% from the July 15th total of 4,266 shares. Based on an average daily trading volume, of 3,585 shares, the short-interest ratio is presently 1.9 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On PMV Adaptive Risk Parity ETF

An institutional investor recently raised its stake in PMV Adaptive Risk Parity ETF stock. PMV Capital Advisers LLC raised its position in PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) by 11.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 596,088 shares of the company’s stock after buying an additional 61,364 shares during the quarter. PMV Adaptive Risk Parity ETF comprises about 31.6% of PMV Capital Advisers LLC’s holdings, making the stock its largest position. PMV Capital Advisers LLC owned about 30.41% of PMV Adaptive Risk Parity ETF worth $18,705,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 20.16% of the company’s stock.

PMV Adaptive Risk Parity ETF Stock Performance

Shares of ARP stock opened at $33.85 on Wednesday. The firm has a market cap of $69.05 million, a price-to-earnings ratio of -3.76 and a beta of 0.47. PMV Adaptive Risk Parity ETF has a 52 week low of $28.84 and a 52 week high of $34.12. The firm’s 50-day simple moving average is $32.77 and its two-hundred day simple moving average is $32.64.

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.