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The Fund is an actively managed exchange-traded fund. The investment objective of the Fund is to seek to provide consistent monthly income while maintaining prospects for capital appreciation. The Adviser and Parametric Portfolio Associates LLCseek to fulfill the Fund's objective by using two principal strategies (1) creating an actively-managed portfolio of dividend-paying equity securities that primarily include common stocks of U.S. companies selected from the Russell 3000 Index (the "long equity portfolio"); and (2) selling (writing) option contracts on the SPDR S&P 500 ETF Trust (the "Underlying ETF") or on the S&P 500 Index to generate additional yield. Gain exposure to an actively managed portfolio of U.S. companies that have demonstrated high current income with a systematic call writing program that seeks to generate additional yield.
Parametric Equity Premium Income ETF trades on the ARCA stock market under the symbol PAPI.
As of December 17, 2025, PAPI stock price climbed to $26.16 with 61,959 million shares trading.
PAPI has a beta of 0.49, meaning it tends to be less sensitive to market movements. PAPI has a correlation of 0.48 to the broad based SPY ETF.
PAPI has a market cap of $266.83 million. This is considered a Small Cap stock.
PAPI has underperformed the market in the last year with a return of +4.3%, while SPY returned +12.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PAPI shares. However, PAPI has outperformed the market in the last 3 month and 2 week periods, returning +2.9% and +1.3%, while SPY returned +2.4% and -1.1%, respectively. This indicates PAPI has been having a stronger performance recently.
PAPI support price is $25.85 and resistance is $26.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAPI shares will trade within this expected range on the day.
