Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Short Interest Up 239.8% in April

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 31,196 shares, a growth of 239.8% from the April 15th total of 9,180 shares. Based on an average daily volume of 109,650 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Parametric Equity Premium Income ETF Stock Performance

Shares of PAPI remained flat at $26.07 during midday trading on Thursday. 64,994 shares of the stock were exchanged, compared to its average volume of 81,393. The business has a fifty day moving average price of $27.11 and a two-hundred day moving average price of $26.76. The firm has a market capitalization of $357.16 million, a P/E ratio of 15.71 and a beta of 0.26. Parametric Equity Premium Income ETF has a fifty-two week low of $24.75 and a fifty-two week high of $28.53.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PAPI. von Borstel & Associates Inc. purchased a new position in shares of Parametric Equity Premium Income ETF in the 3rd quarter valued at $2,524,000. Janney Montgomery Scott LLC grew its position in shares of Parametric Equity Premium Income ETF by 103.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 72,156 shares of the company’s stock valued at $1,860,000 after buying an additional 36,746 shares during the last quarter. Finally, Wayfinding Financial LLC grew its position in shares of Parametric Equity Premium Income ETF by 0.9% in the 3rd quarter. Wayfinding Financial LLC now owns 98,053 shares of the company’s stock valued at $2,571,000 after buying an additional 837 shares during the last quarter.

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.