Parnassus Value Select ETF (NYSE:PRVS) Shares Shorted: Short Interest Up 129.0% in September

Parnassus Value Select ETF (NYSE:PRVS) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 16,634 shares, an increase of 129.0% from the August 31st total of 7,263 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily volume of 4,692 shares, the short-interest ratio is currently 3.5 days.

Institutional Investors Weigh In On Parnassus Value Select ETF

An institutional investor recently bought a new stake in Parnassus Value Select ETF stock. Sankala Group LLC acquired a new position in Parnassus Value Select ETF (NYSE:PRVS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,679 shares of the company’s stock, valued at approximately $50,000. Sankala Group LLC owned about 0.34% of Parnassus Value Select ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Parnassus Value Select ETF Trading Down 0.2%

NYSE PRVS traded down $0.08 on Tuesday, reaching $32.33. The stock had a trading volume of 5,453 shares, compared to its average volume of 6,628. Parnassus Value Select ETF has a 1 year low of $26.37 and a 1 year high of $33.71. The business has a 50 day moving average price of $33.00 and a 200 day moving average price of $31.32. The company has a market capitalization of $29.10 million, a price-to-earnings ratio of 20.62 and a beta of 0.83.

About Parnassus Value Select ETF

The Parnassus Value Select ETF (PRVS) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in a concentrated portfolio of 20-30 large-cap US equity securities using a value strategy. The fund focuses on undervalued companies with strong financials and sustainable business practices, aiming for capital appreciation while minimizing exposure to broader market risks PRVS was launched on Dec 12, 2024 and is issued by Parnassus Investments.