PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) Sees Significant Decrease in Short Interest

PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 5,182 shares, a drop of 39.5% from the September 15th total of 8,560 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 11,814 shares, the days-to-cover ratio is currently 0.4 days.

PMV Adaptive Risk Parity ETF Trading Down 0.2%

Shares of NYSEARCA:ARP traded down $0.09 during trading on Friday, hitting $34.23. 7,135 shares of the company’s stock were exchanged, compared to its average volume of 8,643. The firm has a market cap of $74.27 million, a P/E ratio of -3.80 and a beta of 0.48. The firm has a 50-day moving average price of $34.21 and a two-hundred day moving average price of $33.21. PMV Adaptive Risk Parity ETF has a 1-year low of $30.20 and a 1-year high of $34.68.

Institutional Trading of PMV Adaptive Risk Parity ETF

An institutional investor recently bought a new stake in PMV Adaptive Risk Parity ETF stock. Worth Asset Management LLC bought a new position in shares of PMV Adaptive Risk Parity ETF (NYSEARCA:ARP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,850 shares of the company’s stock, valued at approximately $437,000. Worth Asset Management LLC owned about 0.59% of PMV Adaptive Risk Parity ETF at the end of the most recent quarter. 20.16% of the stock is owned by institutional investors and hedge funds.

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.