PAPI

Investor Moves

Name	Value	Action	Change	Price	Last Price
Ken GriffinCitadel Advisors $-957.3K ExitQ1 2026 $957k -- $26.69
Ken GriffinCitadel Advisors $957k37.1k shares ExitQ4 2025 $497k $25.78 $26.69
Ken GriffinCitadel Advisors $957k37.1k shares AddQ4 2025 $461k $25.78 $26.69

News

seekingalpha.comPAPI: Buy-Write ETF With 7.6% Yield, Strong Value But Below-Par Returnsseekingalpha.comJun 3

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About Parametric Equity Premium Income ETF

The Parametric Equity Premium Income ETF (PAPI) primarily allocates capital to a stock portfolio composed of robust, dividend-paying companies. These selections are made from the Russell 3000 Index using a unique, proprietary investment methodology that thoroughly assesses both the projected 12-month yield and the inherent risk level of each company. To achieve extensive diversification, the fund assigns an equal weighting to all market sectors. Following this, the top-ranked stocks within each individual sector are also given equal weights. For the purpose of generating additional income, PAPI systematically sells short-term (two-week), out-of-the-money call options. These options are issued in staggered tranches, with expiration dates occurring every three to four days. The underlying assets for these call options, which may include Flexible Exchange (FLEX) options, are either the SPDR S&P 500 ETF Trust (SPY) or the broader S&P 500 Index. While this strategy provides premium income to the fund, it also inherently restricts its potential for upward price appreciation. PAPI may also implement tax loss harvesting within its long equity holdings to maximize the recognition of investment losses. Investors should be aware that selling call options without owning the underlying asset, often termed "naked call writing," is considered a high-risk options strategy.

IPO Date: Oct 19, 2023

Market Data

Open: $26.47
High: $26.53
Low: $26.42
Volume: 58.4K
Avg Volume: 83.7K
52W High: $28.54
52W Low: $24.75

Valuation

Market Cap: $387M
Dividend Yield: 2.01%

Financials

Financial statement snapshot is not available yet.

Events

DividendMay 29

$0.15548