PMV Adaptive Risk Parity ETF (NYSEARCA:ARP – Get Free Report) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 4,266 shares, a decline of 45.0% from the June 30th total of 7,755 shares. Based on an average trading volume of 4,093 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the shares of the stock are short sold.
PMV Adaptive Risk Parity ETF Price Performance
Shares of NYSEARCA:ARP traded up $0.18 during trading on Wednesday, hitting $32.43. 11,372 shares of the company’s stock were exchanged, compared to its average volume of 8,066. PMV Adaptive Risk Parity ETF has a 52-week low of $28.36 and a 52-week high of $34.00. The business’s 50-day simple moving average is $32.75 and its 200 day simple moving average is $32.46. The company has a market cap of $66.16 million, a price-to-earnings ratio of -3.60 and a beta of 0.47.
Institutional Investors Weigh In On PMV Adaptive Risk Parity ETF
An institutional investor recently raised its position in PMV Adaptive Risk Parity ETF stock. PMV Capital Advisers LLC lifted its stake in PMV Adaptive Risk Parity ETF (NYSEARCA:ARP – Free Report) by 11.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 596,088 shares of the company’s stock after buying an additional 61,364 shares during the quarter. PMV Adaptive Risk Parity ETF makes up about 31.6% of PMV Capital Advisers LLC’s investment portfolio, making the stock its largest position. PMV Capital Advisers LLC owned about 30.41% of PMV Adaptive Risk Parity ETF worth $18,705,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 20.16% of the company’s stock.
About PMV Adaptive Risk Parity ETF
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.
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