Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Sees Large Increase in Short Interest

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 31,196 shares, an increase of 239.8% from the April 15th total of 9,180 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 109,650 shares, the short-interest ratio is currently 0.3 days.

Parametric Equity Premium Income ETF Price Performance

Shares of Parametric Equity Premium Income ETF stock traded up $0.01 during trading on Friday, hitting $26.08. 43,134 shares of the stock were exchanged, compared to its average volume of 80,981. The stock has a market cap of $357.30 million, a price-to-earnings ratio of 15.71 and a beta of 0.26. The firm’s 50-day moving average price is $27.03 and its 200 day moving average price is $26.76. Parametric Equity Premium Income ETF has a 12-month low of $24.75 and a 12-month high of $28.53.

Institutional Investors Weigh In On Parametric Equity Premium Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its stake in Parametric Equity Premium Income ETF by 103.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock valued at $1,860,000 after purchasing an additional 36,746 shares during the period. von Borstel & Associates Inc. acquired a new position in Parametric Equity Premium Income ETF in the third quarter valued at $2,524,000. Finally, Wayfinding Financial LLC increased its stake in Parametric Equity Premium Income ETF by 0.9% in the third quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock valued at $2,571,000 after purchasing an additional 837 shares during the period.

Parametric Equity Premium Income ETF Company Profile

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.