Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Stock Short Interest Climbs 78.5%

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the target 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. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 16,370 shares, the short-interest ratio is presently 2.2 days.

Parametric Hedged Equity ETF Price Performance

Shares of PHEQ traded down $0.03 on Tuesday, reaching $35.37. The company’s stock had a trading volume of 7,548 shares, compared to its average volume of 21,357. The stock has a market capitalization of $155.63 million, a P/E ratio of 25.95 and a beta of 0.51. Parametric Hedged Equity ETF has a 12-month low of $29.54 and a 12-month high of $40.19. The stock’s 50 day simple moving average is $35.04 and its two-hundred day simple moving average is $34.14.

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.