PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Short Interest Down 65.9% in May

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,904 shares, a decline of 65.9% from the May 14th total of 8,523 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 5,425 shares, the days-to-cover ratio is currently 0.5 days.

PMV Adaptive Risk Parity ETF Trading Down 1.5%

Shares of NYSEARCA:ARP opened at $31.87 on Thursday. The stock has a 50 day moving average of $32.78 and a 200 day moving average of $32.26. PMV Adaptive Risk Parity ETF has a 12-month low of $28.18 and a 12-month high of $34.00. The company has a market cap of $63.42 million, a PE ratio of -3.54 and a beta of 0.46.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PMV Adaptive Risk Parity ETF stock. PMV Capital Advisers LLC increased its holdings in PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) by 11.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 596,088 shares of the company’s stock after purchasing an additional 61,364 shares during the period. PMV Adaptive Risk Parity ETF accounts for 31.6% of PMV Capital Advisers LLC’s holdings, making the stock its biggest holding. PMV Capital Advisers LLC owned 30.41% of PMV Adaptive Risk Parity ETF worth $18,705,000 as of its most recent SEC filing. 20.16% of the stock is owned by institutional investors and hedge funds.

PMV Adaptive Risk Parity ETF Company Profile

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.