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

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 6,766 shares, a growth of 124.0% from the July 15th total of 3,020 shares. Based on an average daily trading volume, of 14,509 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors 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 position in shares of Parametric Hedged Equity ETF (NYSEARCA:PHEQ) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,327 shares of the company’s stock, valued at approximately $43,000.

Parametric Hedged Equity ETF Price Performance

Parametric Hedged Equity ETF stock traded up $0.01 during mid-day trading on Friday, reaching $35.17. The company had a trading volume of 18,447 shares, compared to its average volume of 21,457. Parametric Hedged Equity ETF has a 1 year low of $29.54 and a 1 year high of $35.29. The company has a market capitalization of $144.20 million, a P/E ratio of 25.95 and a beta of 0.51. The stock’s 50-day simple moving average is $34.52 and its 200-day simple moving average is $33.55.

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.