Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Short Interest Update

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 13,849 shares, a drop of 57.8% from the August 31st total of 32,844 shares. Based on an average daily trading volume, of 78,014 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Parametric Equity Premium Income ETF Stock Performance

PAPI stock traded down $0.07 during mid-day trading on Monday, hitting $26.69. The company had a trading volume of 93,371 shares, compared to its average volume of 79,599. The firm has a market cap of $477.75 million, a PE ratio of 15.71 and a beta of 0.21. Parametric Equity Premium Income ETF has a 12 month low of $25.00 and a 12 month high of $28.53. The stock’s fifty day moving average price is $27.69 and its two-hundred day moving average price is $27.17.

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.