Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Stock Short Interest Drops 57.5%

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 18,761 shares, a decline of 57.5% from the September 30th total of 44,127 shares. Based on an average daily trading volume, of 101,647 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Parametric Equity Premium Income ETF Price Performance

PAPI remained flat at $28.26 on Friday. The company had a trading volume of 112,196 shares, compared to its average volume of 80,615. The business has a fifty day simple moving average of $27.43 and a 200 day simple moving average of $27.29. The company has a market capitalization of $545.42 million, a P/E ratio of 15.71 and a beta of 0.24. Parametric Equity Premium Income ETF has a 52-week low of $25.00 and a 52-week high of $28.53.

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.