Short Interest in Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Declines By 32.8%

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 23,727 shares, a decrease of 32.8% from the July 30th total of 35,321 shares. Based on an average daily volume of 94,081 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Parametric Equity Premium Income ETF

A hedge fund recently raised its position in Parametric Equity Premium Income ETF stock. Janney Montgomery Scott LLC increased its position in Parametric Equity Premium Income ETF (NYSEARCA:PAPI) by 103.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,156 shares of the company’s stock after acquiring an additional 36,746 shares during the period. Janney Montgomery Scott LLC owned about 0.67% of Parametric Equity Premium Income ETF worth $1,860,000 at the end of the most recent reporting period.

Parametric Equity Premium Income ETF Trading Down 0.3%

NYSEARCA:PAPI traded down $0.08 on Tuesday, reaching $27.79. 75,113 shares of the stock traded hands, compared to its average volume of 78,871. The company has a market capitalization of $441.86 million, a price-to-earnings ratio of 15.71 and a beta of 0.21. Parametric Equity Premium Income ETF has a 12 month low of $25.00 and a 12 month high of $28.53. The company’s fifty day simple moving average is $27.57 and its 200 day simple moving average is $27.27.

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.