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

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 14,580 shares, a drop of 60.3% from the September 15th total of 36,756 shares. Based on an average daily volume of 21,399 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are sold short.

Parametric Hedged Equity ETF Price Performance

NYSEARCA PHEQ traded down $0.22 on Wednesday, reaching $35.63. The company had a trading volume of 2,838 shares, compared to its average volume of 21,282. The firm has a market cap of $153.21 million, a price-to-earnings ratio of 25.95 and a beta of 0.50. Parametric Hedged Equity ETF has a fifty-two week low of $29.54 and a fifty-two week high of $40.19. The business has a 50 day moving average of $35.30 and a two-hundred day moving average of $34.42.

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.