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

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

Parametric Equity Premium Income ETF Stock Down 0.3%

NYSEARCA PAPI traded down $0.08 during trading hours on Monday, reaching $26.87. 23,861 shares of the company were exchanged, compared to its average volume of 78,924. The stock has a market capitalization of $368.12 million, a P/E ratio of 15.71 and a beta of 0.24. Parametric Equity Premium Income ETF has a 1 year low of $24.75 and a 1 year high of $28.53. The business’s 50 day simple moving average is $26.69 and its 200-day simple moving average is $26.91.

Institutional Investors Weigh In On Parametric Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PAPI. von Borstel & Associates Inc. bought a new stake in Parametric Equity Premium Income ETF during the 3rd quarter valued at $2,524,000. Janney Montgomery Scott LLC raised its holdings in Parametric Equity Premium Income ETF by 103.8% during 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. Finally, Wayfinding Financial LLC raised its holdings in Parametric Equity Premium Income ETF by 0.9% during the 3rd quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock valued at $2,571,000 after acquiring an additional 837 shares during the period.

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.