PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Short Interest Down 65.9% in May

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,904 shares, a decline of 65.9% from the May 14th total of 8,523 shares. Based on an average daily trading volume, of 5,425 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On PMV Adaptive Risk Parity ETF

An institutional investor recently raised its position in PMV Adaptive Risk Parity ETF stock. PMV Capital Advisers LLC raised its position in shares of PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) by 11.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 596,088 shares of the company’s stock after purchasing an additional 61,364 shares during the quarter. PMV Adaptive Risk Parity ETF accounts for approximately 31.6% of PMV Capital Advisers LLC’s holdings, making the stock its biggest position. PMV Capital Advisers LLC owned about 30.41% of PMV Adaptive Risk Parity ETF worth $18,705,000 at the end of the most recent quarter. 20.16% of the stock is currently owned by institutional investors.

PMV Adaptive Risk Parity ETF Stock Performance

Shares of NYSEARCA:ARP opened at $31.87 on Thursday. PMV Adaptive Risk Parity ETF has a fifty-two week low of $28.18 and a fifty-two week high of $34.00. The business has a 50-day simple moving average of $32.78 and a two-hundred day simple moving average of $32.26. The firm has a market cap of $63.42 million, a price-to-earnings ratio of -3.54 and a beta of 0.46.

PMV Adaptive Risk Parity ETF Company Profile

The Pmv Adaptive Risk Parity ETF (ARP) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is an actively managed fund-of-funds that allocates to a variety of asset classes: global equities, fixed-income securities, commodities, and currencies based on risk parity. ARP was launched on Dec 21, 2022 and is managed by PMV.