Parnassus Value Select ETF (NYSE:PRVS) Stock Short Interest Drops 73.6%

Parnassus Value Select ETF (NYSE:PRVS) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 6,552 shares, a drop of 73.6% from the October 15th total of 24,856 shares. Based on an average daily trading volume, of 4,056 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Parnassus Value Select ETF stock. Birchwood Financial Partners Inc. acquired a new stake in Parnassus Value Select ETF (NYSE:PRVS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,356 shares of the company’s stock, valued at approximately $76,000. Birchwood Financial Partners Inc. owned 0.26% of Parnassus Value Select ETF at the end of the most recent quarter.

Parnassus Value Select ETF Trading Up 0.1%

NYSE PRVS traded up $0.05 on Friday, reaching $32.83. 1,845 shares of the company were exchanged, compared to its average volume of 6,581. The business’s fifty day moving average price is $32.67 and its 200 day moving average price is $31.24. The stock has a market capitalization of $29.55 million, a P/E ratio of 20.62 and a beta of 0.84. Parnassus Value Select ETF has a fifty-two week low of $26.59 and a fifty-two week high of $33.71.

About Parnassus Value Select ETF

The Parnassus Value Select ETF (PRVS) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in a concentrated portfolio of 20-30 large-cap US equity securities using a value strategy. The fund focuses on undervalued companies with strong financials and sustainable business practices, aiming for capital appreciation while minimizing exposure to broader market risks PRVS was launched on Dec 12, 2024 and is issued by Parnassus Investments.