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

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 15,991 shares, an increase of 81.1% from the May 14th total of 8,829 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 59,051 shares, the short-interest ratio is currently 0.3 days.

Parametric Equity Premium Income ETF Price Performance

Shares of PAPI stock traded down $0.08 on Monday, hitting $26.87. The stock had a trading volume of 23,861 shares, compared to its average volume of 78,924. The business has a 50 day moving average of $26.69 and a 200 day moving average of $26.91. The stock has a market cap of $368.12 million, a price-to-earnings ratio of 15.71 and a beta of 0.24. Parametric Equity Premium Income ETF has a 12-month low of $24.75 and a 12-month high of $28.53.

Institutional Trading of Parametric Equity Premium Income ETF

A number of large investors have recently added to or reduced their stakes in PAPI. von Borstel & Associates Inc. purchased a new stake in Parametric Equity Premium Income ETF during the third quarter worth about $2,524,000. Wayfinding Financial LLC increased its holdings in Parametric Equity Premium Income ETF by 0.9% during the third quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock worth $2,571,000 after buying an additional 837 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Parametric Equity Premium Income ETF by 103.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock worth $1,860,000 after buying an additional 36,746 shares during the last quarter.

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.