Short Interest in PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Grows By 5,536.9%

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 13,303 shares, a growth of 5,536.9% from the April 15th total of 236 shares. Based on an average daily volume of 8,466 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.7% of the company’s shares are short sold.

PMV Adaptive Risk Parity ETF Price Performance

Shares of NYSEARCA:ARP traded up $0.27 during midday trading on Monday, reaching $33.79. 4,275 shares of the company’s stock were exchanged, compared to its average volume of 9,557. The stock has a market cap of $67.24 million, a price-to-earnings ratio of -3.75 and a beta of 0.46. PMV Adaptive Risk Parity ETF has a fifty-two week low of $27.45 and a fifty-two week high of $34.00. The firm’s 50 day simple moving average is $32.16 and its two-hundred day simple moving average is $31.95.

Hedge Funds Weigh In On PMV Adaptive Risk Parity ETF

A hedge fund 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 first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 596,088 shares of the company’s stock after purchasing an additional 61,364 shares during the quarter. PMV Adaptive Risk Parity ETF accounts for approximately 31.6% of PMV Capital Advisers LLC’s portfolio, 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. 20.16% of the stock is currently owned by hedge funds and other institutional investors.

PMV Adaptive Risk Parity ETF Company Profile

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.