Parnassus Value Select ETF (NYSE:PRVS) Sees Significant Growth in Short Interest

Parnassus Value Select ETF (NYSE:PRVS) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 24,856 shares, a growth of 288.0% from the September 30th total of 6,406 shares. Based on an average daily trading volume, of 4,430 shares, the short-interest ratio is presently 5.6 days. Approximately 2.8% of the shares of the stock are sold short.

Parnassus Value Select ETF Price Performance

NYSE:PRVS traded up $0.09 during mid-day trading on Wednesday, reaching $32.80. The stock had a trading volume of 9,387 shares, compared to its average volume of 6,363. The stock has a market cap of $29.52 million, a P/E ratio of 20.62 and a beta of 0.85. Parnassus Value Select ETF has a fifty-two week low of $26.59 and a fifty-two week high of $33.71. The business’s 50 day moving average is $32.85 and its 200 day moving average is $31.00.

Parnassus Value Select ETF Company Profile

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.