Short Interest in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Declines By 69.7%

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 4,090 shares, a decrease of 69.7% from the December 31st total of 13,509 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 35,008 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 35,008 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Parametric Hedged Equity ETF

An institutional investor recently bought a new position in Parametric Hedged Equity ETF stock. Farther Finance Advisors LLC acquired a new stake in shares of Parametric Hedged Equity ETF (NYSEARCA:PHEQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,327 shares of the company’s stock, valued at approximately $43,000.

Parametric Hedged Equity ETF Stock Down 0.1%

Shares of NYSEARCA PHEQ traded down $0.04 during mid-day trading on Wednesday, reaching $32.76. 10,226 shares of the company were exchanged, compared to its average volume of 28,824. Parametric Hedged Equity ETF has a 52 week low of $26.19 and a 52 week high of $32.99. The stock has a market capitalization of $139.23 million, a PE ratio of 25.95 and a beta of 0.53. The company’s 50 day moving average price is $32.62 and its 200 day moving average price is $32.05.

Parametric Hedged Equity ETF Company Profile

The Parametric Hedged Equity ETF (PHEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund invests in individual US large-cap stocks while utilizing a laddered options strategy to mitigate losses. The option strategy caps the potential upside participation. PHEQ was launched on Oct 16, 2023 and is issued by Parametric.