Short Interest in Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Declines By 32.8%

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 23,727 shares, a decline of 32.8% from the July 30th total of 35,321 shares. Based on an average daily volume of 94,081 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Parametric Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:PAPI traded down $0.08 during midday trading on Tuesday, reaching $27.79. 75,113 shares of the company’s stock traded hands, compared to its average volume of 78,871. Parametric Equity Premium Income ETF has a one year low of $25.00 and a one year high of $28.53. The company has a market cap of $441.86 million, a price-to-earnings ratio of 15.71 and a beta of 0.21. The stock has a 50 day moving average of $27.57 and a 200 day moving average of $27.27.

Hedge Funds Weigh In On Parametric Equity Premium Income ETF

An institutional investor recently raised its position in Parametric Equity Premium Income ETF stock. Janney Montgomery Scott LLC grew its stake in shares of Parametric Equity Premium Income ETF (NYSEARCA:PAPI) by 103.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,156 shares of the company’s stock after acquiring an additional 36,746 shares during the quarter. Janney Montgomery Scott LLC owned about 0.67% of Parametric Equity Premium Income ETF worth $1,860,000 as of its most recent SEC filing.

About Parametric Equity Premium Income ETF

The Parametric Equity Premium Income ETF (PAPI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in a broad equity portfolio of US dividend payers, while utilizing a laddered, naked call writing strategy on the S&P 500. The fund seeks to provide monthly income and capital appreciation. PAPI was launched on Oct 16, 2023 and is issued by Parametric.