Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Short Interest Up 4,232.9% in June

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 52,428 shares, an increase of 4,232.9% from the June 15th total of 1,210 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 64,556 shares, the short-interest ratio is currently 0.8 days.

Parametric Equity Premium Income ETF Stock Up 0.7%

PAPI stock traded up $0.18 during trading on Friday, hitting $27.14. 77,069 shares of the company’s stock traded hands, compared to its average volume of 77,297. The firm has a market capitalization of $409.81 million, a P/E ratio of 15.71 and a beta of 0.23. Parametric Equity Premium Income ETF has a 1 year low of $24.75 and a 1 year high of $28.53. The business has a fifty day simple moving average of $26.63 and a two-hundred day simple moving average of $27.02.

Hedge Funds Weigh In On Parametric Equity Premium Income ETF

Several hedge funds have recently modified their holdings of PAPI. von Borstel & Associates Inc. purchased a new position in shares of Parametric Equity Premium Income ETF during the 3rd quarter valued at about $2,524,000. Wayfinding Financial LLC lifted its holdings in shares of Parametric Equity Premium Income ETF by 0.9% in the 3rd quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock valued at $2,571,000 after buying an additional 837 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake 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 worth $1,860,000 after buying an additional 36,746 shares during the last quarter.

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.