Parnassus Value Select ETF (NYSE:PRVS) Shares Shorted: Short Interest Down 61.5% in September

Parnassus Value Select ETF (NYSE:PRVS) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 6,406 shares, a drop of 61.5% from the September 15th total of 16,634 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 5,012 shares, the days-to-cover ratio is presently 1.3 days.

Parnassus Value Select ETF Stock Down 0.3%

NYSE PRVS traded down $0.09 on Tuesday, hitting $32.64. 3,826 shares of the stock were exchanged, compared to its average volume of 6,517. Parnassus Value Select ETF has a fifty-two week low of $26.59 and a fifty-two week high of $33.71. The company has a market cap of $29.38 million, a PE ratio of 20.62 and a beta of 0.85. The company has a 50-day moving average price of $33.01 and a 200-day moving average price of $31.67.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Parnassus Value Select ETF stock. Sankala Group LLC acquired a new position in shares of Parnassus Value Select ETF (NYSE:PRVS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,679 shares of the company’s stock, valued at approximately $50,000. Sankala Group LLC owned about 0.34% of Parnassus Value Select ETF at the end of the most recent quarter.

About Parnassus Value Select ETF

The Parnassus Value Select ETF (PRVS) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in a concentrated portfolio of 20-30 large-cap US equity securities using a value strategy. The fund focuses on undervalued companies with strong financials and sustainable business practices, aiming for capital appreciation while minimizing exposure to broader market risks PRVS was launched on Dec 12, 2024 and is issued by Parnassus Investments.