Short Interest in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Declines By 81.9%

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,665 shares, a decrease of 81.9% from the June 15th total of 9,184 shares. Based on an average daily trading volume, of 22,187 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Parametric Hedged Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. von Borstel & Associates Inc. purchased a new stake in Parametric Hedged Equity ETF in the third quarter worth about $4,356,000. Wayfinding Financial LLC lifted 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 valued at $4,374,000 after buying an additional 766 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in shares of Parametric Hedged Equity ETF during the 4th quarter valued at about $43,000.

Parametric Hedged Equity ETF Stock Performance

Shares of Parametric Hedged Equity ETF stock traded up $0.01 on Friday, hitting $34.60. 54,969 shares of the company’s stock were exchanged, compared to its average volume of 21,906. Parametric Hedged Equity ETF has a 1 year low of $29.54 and a 1 year high of $34.90. The company has a 50-day simple moving average of $34.29 and a 200-day simple moving average of $33.21. The stock has a market capitalization of $141.86 million, a PE ratio of 25.95 and a beta of 0.50.

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.