UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) Sees Significant Decrease in Short Interest

UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 471 shares, a drop of 98.9% from the October 15th total of 41,879 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 7,110 shares, the short-interest ratio is presently 0.1 days.

UPAR Ultra Risk Parity ETF Stock Performance

Shares of UPAR stock traded down $0.36 during mid-day trading on Thursday, hitting $14.76. The company’s stock had a trading volume of 1,596 shares, compared to its average volume of 9,686. UPAR Ultra Risk Parity ETF has a 52-week low of $14.76 and a 52-week high of $17.71. The business has a 50-day moving average price of $15.44 and a 200 day moving average price of $16.24. The stock has a market cap of $55.05 million, a price-to-earnings ratio of 15.89 and a beta of 0.99.

UPAR Ultra Risk Parity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were given a dividend of $0.1089 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.0%. This is a drop from UPAR Ultra Risk Parity ETF’s previous quarterly dividend of $0.3290. The ex-dividend date of this dividend was Monday, September 28th.

Institutional Investors Weigh In On UPAR Ultra Risk Parity ETF

A hedge fund recently raised its position in UPAR Ultra Risk Parity ETF stock. Farther Finance Advisors LLC boosted its holdings in UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) by 42.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,484 shares of the company’s stock after buying an additional 3,420 shares during the quarter. Farther Finance Advisors LLC owned 0.32% of UPAR Ultra Risk Parity ETF worth $171,000 at the end of the most recent quarter.

UPAR Ultra Risk Parity ETF Company Profile

The UPAR Ultra Risk Parity ETF (UPAR) is an exchange-traded fund that is based on the Advanced Research Ultra Risk Parity index. The fund is actively managed to provide leveraged exposure to an index that allocates to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. UPAR was launched on Jan 3, 2022 and is managed by RPAR.