Parnassus Value Select ETF (NYSE:PRVS) Stock Short Interest Drops 73.6%

Parnassus Value Select ETF (NYSE:PRVS) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 6,552 shares, a decrease of 73.6% from the October 15th total of 24,856 shares. Based on an average daily trading volume, of 4,056 shares, the short-interest ratio is currently 1.6 days. Approximately 0.7% of the company’s shares are short sold.

Parnassus Value Select ETF Stock Performance

Shares of NYSE PRVS traded up $0.05 during midday trading on Friday, reaching $32.83. 1,845 shares of the stock were exchanged, compared to its average volume of 6,581. The company has a 50 day simple moving average of $32.67 and a 200 day simple moving average of $31.24. The stock has a market capitalization of $29.55 million, a P/E ratio of 20.62 and a beta of 0.84. Parnassus Value Select ETF has a twelve month low of $26.59 and a twelve month high of $33.71.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Parnassus Value Select ETF stock. Birchwood Financial Partners Inc. acquired a new position in Parnassus Value Select ETF (NYSE:PRVS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,356 shares of the company’s stock, valued at approximately $76,000. Birchwood Financial Partners Inc. owned 0.26% of Parnassus Value Select ETF as of its most recent filing with the Securities & Exchange Commission.

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.