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

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 2,294 shares, a drop of 69.0% from the October 15th total of 7,408 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 9,448 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On PMV Adaptive Risk Parity ETF

An institutional investor recently bought a new stake in PMV Adaptive Risk Parity ETF stock. Worth Asset Management LLC bought a new stake in shares of PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,850 shares of the company’s stock, valued at approximately $437,000. Worth Asset Management LLC owned 0.59% of PMV Adaptive Risk Parity ETF at the end of the most recent reporting period. 20.16% of the stock is currently owned by institutional investors.

PMV Adaptive Risk Parity ETF Price Performance

NYSEARCA ARP traded down $0.06 during trading on Friday, hitting $33.06. 908 shares of the company’s stock traded hands, compared to its average volume of 8,760. The stock has a fifty day moving average of $34.07 and a two-hundred day moving average of $33.08. PMV Adaptive Risk Parity ETF has a 12-month low of $30.20 and a 12-month high of $34.68. The firm has a market cap of $74.07 million, a P/E ratio of -3.67 and a beta of 0.48.

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.