UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) Stock Short Interest Rises 64.7%

UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 41,879 shares, an increase of 64.7% from the September 30th total of 25,421 shares. Based on an average daily trading volume, of 6,915 shares, the days-to-cover ratio is currently 6.1 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Trading of UPAR Ultra Risk Parity ETF

A hedge fund recently raised its stake in UPAR Ultra Risk Parity ETF stock. Farther Finance Advisors LLC grew its position in shares of 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 Securities & Exchange Commission. The fund owned 11,484 shares of the company’s stock after acquiring 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 reporting period.

UPAR Ultra Risk Parity ETF Trading Up 1.4%

Shares of UPAR Ultra Risk Parity ETF stock traded up $0.22 during mid-day trading on Monday, reaching $15.46. 793 shares of the stock were exchanged, compared to its average volume of 9,209. The firm has a 50-day simple moving average of $15.65 and a 200 day simple moving average of $16.28. UPAR Ultra Risk Parity ETF has a fifty-two week low of $14.77 and a fifty-two week high of $17.71. The company has a market cap of $55.34 million, a price-to-earnings ratio of 15.89 and a beta of 0.98.

UPAR Ultra Risk Parity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were issued a $0.1089 dividend. This is a decrease from UPAR Ultra Risk Parity ETF’s previous quarterly dividend of $0.3290. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 28th.

About UPAR Ultra Risk Parity ETF

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.