Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Sees Large Drop in Short Interest

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 18,761 shares, a decline of 57.5% from the September 30th total of 44,127 shares. Based on an average trading volume of 101,647 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Parametric Equity Premium Income ETF Price Performance

PAPI opened at $28.26 on Friday. Parametric Equity Premium Income ETF has a 1-year low of $25.00 and a 1-year high of $28.53. The company has a 50 day simple moving average of $27.43 and a two-hundred day simple moving average of $27.29. The firm has a market cap of $545.42 million, a P/E ratio of 15.71 and a beta of 0.24.

Parametric Equity Premium Income ETF Company Profile

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.