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

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 8,829 shares, a decline of 71.7% from the April 30th total of 31,196 shares. Based on an average daily volume of 81,469 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of Parametric Equity Premium Income ETF

A number of institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in shares of Parametric Equity Premium Income ETF by 103.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock valued at $1,860,000 after acquiring an additional 36,746 shares during the period. von Borstel & Associates Inc. acquired a new stake in Parametric Equity Premium Income ETF in the third quarter worth $2,524,000. Finally, Wayfinding Financial LLC raised its holdings in Parametric Equity Premium Income ETF by 0.9% in the third quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock worth $2,571,000 after purchasing an additional 837 shares during the period.

Parametric Equity Premium Income ETF Trading Down 1.0%

Shares of PAPI traded down $0.26 during trading hours on Friday, hitting $26.43. 40,324 shares of the stock traded hands, compared to its average volume of 79,042. Parametric Equity Premium Income ETF has a 1-year low of $24.75 and a 1-year high of $28.53. The firm has a market capitalization of $362.09 million, a PE ratio of 15.71 and a beta of 0.26. The business has a fifty day moving average of $26.84 and a 200-day moving average of $26.84.

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.