Short Interest in RPAR Risk Parity ETF (NYSEARCA:RPAR) Declines By 54.9%

RPAR Risk Parity ETF (NYSEARCA:RPAR) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 4,339 shares, a drop of 54.9% from the April 30th total of 9,613 shares. Based on an average daily trading volume, of 19,683 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RPAR Risk Parity ETF stock. Main Street Group LTD purchased a new position in shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,422 shares of the company’s stock, valued at approximately $165,000.

RPAR Risk Parity ETF Stock Performance

Shares of RPAR remained flat at $22.92 during midday trading on Friday. The stock had a trading volume of 22,751 shares, compared to its average volume of 31,660. RPAR Risk Parity ETF has a 1-year low of $19.42 and a 1-year high of $23.69. The stock’s 50-day moving average is $22.62 and its two-hundred day moving average is $22.35. The firm has a market cap of $605.09 million, a price-to-earnings ratio of 16.43 and a beta of 0.70.

About RPAR Risk Parity ETF

The RPAR Risk Parity ETF (RPAR) is an exchange-traded fund that is based on the Advanced Research Risk Parity index. The fund is an actively managed fund-of-funds allocating to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. RPAR was launched on Dec 13, 2019 and is managed by RPAR.