Short Interest in UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) Declines By 56.8%

UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 7,182 shares, a decrease of 56.8% from the April 15th total of 16,643 shares. Based on an average daily trading volume, of 5,178 shares, the short-interest ratio is currently 1.4 days. Currently, 0.2% of the shares of the company are sold short.

UPAR Ultra Risk Parity ETF Stock Performance

UPAR traded down $0.39 on Friday, reaching $16.50. The company had a trading volume of 3,911 shares, compared to its average volume of 5,329. UPAR Ultra Risk Parity ETF has a fifty-two week low of $13.37 and a fifty-two week high of $17.71. The stock has a market cap of $68.48 million, a P/E ratio of 15.89 and a beta of 0.97. The company’s fifty day moving average is $16.59 and its 200 day moving average is $16.21.

UPAR Ultra Risk Parity ETF Company Profile

The UPAR Ultra Risk Parity ETF (UPAR) is an exchange-traded fund that is based on the Advanced Research Ultra Risk Parity index. The fund is actively managed to provide leveraged exposure to an index that allocates to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. UPAR was launched on Jan 3, 2022 and is managed by RPAR.