PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Stock Short Interest Declines 39.5%

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,182 shares, a drop of 39.5% from the September 15th total of 8,560 shares. Based on an average daily volume of 11,814 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

PMV Adaptive Risk Parity ETF Price Performance

Shares of NYSEARCA:ARP traded down $0.08 on Friday, hitting $34.23. 10,453 shares of the company’s stock were exchanged, compared to its average volume of 8,663. PMV Adaptive Risk Parity ETF has a 12 month low of $30.20 and a 12 month high of $34.68. The stock has a market capitalization of $74.28 million, a price-to-earnings ratio of -3.80 and a beta of 0.48. The business’s 50 day simple moving average is $34.22 and its two-hundred day simple moving average is $33.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in PMV Adaptive Risk Parity ETF stock. Worth Asset Management LLC bought a new position in PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,850 shares of the company’s stock, valued at approximately $437,000. Worth Asset Management LLC owned approximately 0.59% of PMV Adaptive Risk Parity ETF at the end of the most recent reporting period. Institutional investors own 20.16% of the company’s stock.

About PMV Adaptive Risk Parity ETF

The Pmv Adaptive Risk Parity ETF (ARP) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is an actively managed fund-of-funds that allocates to a variety of asset classes: global equities, fixed-income securities, commodities, and currencies based on risk parity. ARP was launched on Dec 21, 2022 and is managed by PMV.