Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Sees Significant Increase in Short Interest

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 44,127 shares, a growth of 218.6% from the September 15th total of 13,849 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 96,646 shares, the short-interest ratio is presently 0.5 days.

Parametric Equity Premium Income ETF Stock Performance

Parametric Equity Premium Income ETF stock opened at $27.06 on Wednesday. The firm has a market cap of $506.02 million, a price-to-earnings ratio of 15.71 and a beta of 0.24. Parametric Equity Premium Income ETF has a 1 year low of $25.00 and a 1 year high of $28.53. The firm’s 50 day moving average price is $27.44 and its two-hundred day moving average price is $27.11.

About Parametric Equity Premium Income ETF

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.