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

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,210 shares, a decline of 92.4% from the May 31st total of 15,991 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 80,751 shares, the days-to-cover ratio is presently 0.0 days.

Parametric Equity Premium Income ETF Stock Performance

NYSEARCA:PAPI traded up $0.06 during trading hours on Friday, hitting $27.04. The company’s stock had a trading volume of 96,345 shares, compared to its average volume of 78,399. Parametric Equity Premium Income ETF has a 52-week low of $24.75 and a 52-week high of $28.53. The business’s 50-day moving average is $26.56 and its two-hundred day moving average is $26.95. The company has a market capitalization of $370.45 million, a PE ratio of 15.71 and a beta of 0.24.

Institutional Trading of Parametric Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. von Borstel & Associates Inc. purchased a new position in Parametric Equity Premium Income ETF in the 3rd quarter valued at about $2,524,000. Janney Montgomery Scott LLC raised its position in shares of Parametric Equity Premium Income ETF by 103.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock valued at $1,860,000 after buying an additional 36,746 shares during the last quarter. Finally, Wayfinding Financial LLC raised its position in shares of 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 valued at $2,571,000 after buying an additional 837 shares during the last quarter.

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.