PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Sees Large Drop in Short Interest

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 4,266 shares, a drop of 45.0% from the June 30th total of 7,755 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 4,093 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors 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 boosted its position in shares of PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 596,088 shares of the company’s stock after buying an additional 61,364 shares during the period. PMV Adaptive Risk Parity ETF makes up about 31.6% of PMV Capital Advisers LLC’s portfolio, making the stock its biggest holding. 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 Up 0.1%

ARP stock traded up $0.04 during mid-day trading on Friday, hitting $32.69. The company had a trading volume of 2,692 shares, compared to its average volume of 7,992. The company has a market capitalization of $66.69 million, a price-to-earnings ratio of -3.63 and a beta of 0.47. PMV Adaptive Risk Parity ETF has a 12-month low of $28.36 and a 12-month high of $34.00. The company has a 50-day moving average price of $32.70 and a 200 day moving average price of $32.48.

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.