UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 41,879 shares, a growth of 64.7% from the September 30th total of 25,421 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 6,915 shares, the short-interest ratio is currently 6.1 days.
UPAR Ultra Risk Parity ETF Price Performance
NYSEARCA UPAR opened at $15.29 on Tuesday. UPAR Ultra Risk Parity ETF has a 12 month low of $14.77 and a 12 month high of $17.71. The firm has a market capitalization of $54.74 million, a PE ratio of 15.89 and a beta of 0.98. The company’s 50 day simple moving average is $15.62 and its 200 day simple moving average is $16.27.
UPAR Ultra Risk Parity ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th were given a $0.1089 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.8%. This is a negative change from UPAR Ultra Risk Parity ETF’s previous quarterly dividend of $0.3290. The ex-dividend date was Monday, September 28th.
Hedge Funds Weigh In On UPAR Ultra Risk Parity ETF
An institutional investor recently raised its position in UPAR Ultra Risk Parity ETF stock. Farther Finance Advisors LLC grew its position in shares of UPAR Ultra Risk Parity ETF (NYSEARCA:UPAR – Free Report) by 42.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,484 shares of the company’s stock after purchasing an additional 3,420 shares during the quarter. Farther Finance Advisors LLC owned 0.32% of UPAR Ultra Risk Parity ETF worth $171,000 as of its most recent filing with the SEC.
About UPAR Ultra Risk Parity ETF
The UPAR Ultra Risk Parity ETF (UPAR) is an exchange-traded fund that is based on the Advanced Research Ultra Risk Parity index. The fund is actively managed to provide leveraged exposure to an index that allocates to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. UPAR was launched on Jan 3, 2022 and is managed by RPAR.
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