Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Short Interest Update

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 36,756 shares, an increase of 78.5% from the August 31st total of 20,591 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 16,370 shares, the days-to-cover ratio is presently 2.2 days.

Parametric Hedged Equity ETF Price Performance

Parametric Hedged Equity ETF stock traded down $0.03 during mid-day trading on Tuesday, reaching $35.37. 7,548 shares of the company traded hands, compared to its average volume of 21,357. Parametric Hedged Equity ETF has a 52-week low of $29.54 and a 52-week high of $40.19. The firm’s 50 day moving average price is $35.04 and its 200 day moving average price is $34.14. The firm has a market capitalization of $155.63 million, a price-to-earnings ratio of 25.95 and a beta of 0.51.

About Parametric Hedged Equity ETF

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.