Parnassus Value Select ETF (NYSE:PRVS) Short Interest Update

by · The Markets Daily

Parnassus Value Select ETF (NYSE:PRVS – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 16,634 shares, a growth of 129.0% from the August 31st total of 7,263 shares. Based on an average daily volume of 4,692 shares, the short-interest ratio is currently 3.5 days. Approximately 1.8% of the company’s stock are sold short.

Parnassus Value Select ETF Stock Performance

Shares of Parnassus Value Select ETF stock traded down $0.28 during midday trading on Monday, hitting $32.42. The company had a trading volume of 6,210 shares, compared to its average volume of 6,635. The stock has a market capitalization of $29.18 million, a P/E ratio of 20.62 and a beta of 0.83. The company has a 50 day moving average of $33.00 and a 200 day moving average of $31.32. Parnassus Value Select ETF has a 52-week low of $26.37 and a 52-week high of $33.71.

Institutional Investors Weigh In On Parnassus Value Select ETF

An institutional investor recently bought a new position in Parnassus Value Select ETF stock. Sankala Group LLC purchased a new stake in shares of Parnassus Value Select ETF (NYSE:PRVS – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,679 shares of the company’s stock, valued at approximately $50,000. Sankala Group LLC owned approximately 0.34% of Parnassus Value Select ETF at the end of the most recent reporting period.

Parnassus Value Select ETF Company Profile

(Get Free Report)

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.

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