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

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 9,184 shares, a decline of 43.3% from the May 31st total of 16,211 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 19,710 shares, the short-interest ratio is currently 0.5 days.

Parametric Hedged Equity ETF Stock Down 0.3%

PHEQ stock traded down $0.11 during trading on Wednesday, reaching $34.46. 27,433 shares of the company’s stock were exchanged, compared to its average volume of 22,203. The company’s fifty day moving average price is $34.14 and its 200-day moving average price is $33.10. The firm has a market cap of $137.84 million, a PE ratio of 25.95 and a beta of 0.51. Parametric Hedged Equity ETF has a 1-year low of $29.54 and a 1-year high of $34.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PHEQ. Wayfinding Financial LLC raised its position in Parametric Hedged Equity ETF by 0.6% in the fourth quarter. Wayfinding Financial LLC now owns 134,303 shares of the company’s stock worth $4,374,000 after acquiring an additional 766 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of Parametric Hedged Equity ETF during the 4th quarter valued at about $43,000. Finally, von Borstel & Associates Inc. acquired a new position in shares of Parametric Hedged Equity ETF in the 3rd quarter worth approximately $4,356,000.

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.