Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Sees Large Decrease in Short Interest

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 9,184 shares, a decrease of 43.3% from the May 31st total of 16,211 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 19,710 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Parametric Hedged Equity ETF

Several hedge funds have recently modified their holdings of PHEQ. von Borstel & Associates Inc. acquired a new position in Parametric Hedged Equity ETF during the third quarter worth $4,356,000. Farther Finance Advisors LLC acquired a new stake in Parametric Hedged Equity ETF in the fourth quarter valued at $43,000. Finally, Wayfinding Financial LLC boosted its position in shares of Parametric Hedged Equity ETF by 0.6% during the 4th quarter. Wayfinding Financial LLC now owns 134,303 shares of the company’s stock worth $4,374,000 after purchasing an additional 766 shares in the last quarter.

Parametric Hedged Equity ETF Price Performance

NYSEARCA:PHEQ remained flat at $34.46 during mid-day trading on Thursday. 9,009 shares of the company were exchanged, compared to its average volume of 22,097. Parametric Hedged Equity ETF has a 1 year low of $29.54 and a 1 year high of $34.75. The firm’s fifty day moving average price is $34.18 and its 200 day moving average price is $33.13. The stock has a market cap of $137.84 million, a price-to-earnings ratio of 25.95 and a beta of 0.50.

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.