Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Sees Significant Decline in Short Interest

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,210 shares, a decrease of 92.4% from the May 31st total of 15,991 shares. Based on an average trading volume of 80,751 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Parametric Equity Premium Income ETF

Several institutional investors have recently added to or reduced their stakes in PAPI. von Borstel & Associates Inc. bought a new stake in Parametric Equity Premium Income ETF during the third quarter worth about $2,524,000. Janney Montgomery Scott LLC raised its stake in shares of 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 acquiring an additional 36,746 shares during the last quarter. Finally, Wayfinding Financial LLC raised its stake in shares of 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 acquiring an additional 837 shares during the last quarter.

Parametric Equity Premium Income ETF Stock Performance

Shares of NYSEARCA PAPI traded up $0.18 during midday trading on Thursday, reaching $26.98. 69,483 shares of the company traded hands, compared to its average volume of 78,286. The firm has a market cap of $369.63 million, a PE ratio of 15.71 and a beta of 0.24. The stock’s 50-day simple moving average is $26.56 and its 200-day simple moving average is $26.95. Parametric Equity Premium Income ETF has a 12 month low of $24.75 and a 12 month high of $28.53.

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.