Parnassus Core Select ETF (NYSE:PRCS) Sees Large Growth in Short Interest

Parnassus Core Select ETF (NYSE:PRCS) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 23,369 shares, an increase of 129.6% from the September 15th total of 10,180 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 19,814 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Apella Capital LLC grew its stake in shares of Parnassus Core Select ETF by 14.6% during the 2nd quarter. Apella Capital LLC now owns 9,865 shares of the company’s stock worth $281,000 after purchasing an additional 1,256 shares during the period. Modern Wealth Management LLC purchased a new position in shares of Parnassus Core Select ETF during the 1st quarter valued at approximately $288,000. Balefire LLC acquired a new position in shares of Parnassus Core Select ETF in the 3rd quarter valued at $483,000. Financial Insights Inc. lifted its stake in shares of Parnassus Core Select ETF by 14.9% in the 1st quarter. Financial Insights Inc. now owns 132,218 shares of the company’s stock valued at $3,305,000 after purchasing an additional 17,119 shares during the period. Finally, Allegheny Financial Group boosted its holdings in Parnassus Core Select ETF by 16.8% during the first quarter. Allegheny Financial Group now owns 162,987 shares of the company’s stock worth $4,075,000 after buying an additional 23,441 shares in the last quarter.

Parnassus Core Select ETF Price Performance

Parnassus Core Select ETF stock traded up $0.09 during midday trading on Thursday, reaching $29.14. The company’s stock had a trading volume of 3,977 shares, compared to its average volume of 36,192. The stock has a market capitalization of $180.67 million, a P/E ratio of 31.55 and a beta of 0.88. The stock’s 50-day simple moving average is $29.05 and its 200-day simple moving average is $28.12. Parnassus Core Select ETF has a 52-week low of $24.22 and a 52-week high of $29.96.

Parnassus Core Select ETF Company Profile

The Parnassus Core Select ETF (PRCS) 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. The fund focuses on both value and growth stocks, emphasizing strong financials and sustainable business practices while seeking to minimize exposure to market risk PRCS was launched on Dec 12, 2024 and is issued by Parnassus Investments.