Short Interest in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Expands By 112.9%

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 14,405 shares, a growth of 112.9% from the July 30th total of 6,766 shares. Based on an average daily trading volume, of 26,533 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

Parametric Hedged Equity ETF Stock Performance

PHEQ stock opened at $35.20 on Friday. Parametric Hedged Equity ETF has a 1 year low of $29.54 and a 1 year high of $37.30. The firm has a market cap of $144.32 million, a P/E ratio of 25.95 and a beta of 0.51. The stock has a 50-day simple moving average of $34.68 and a 200-day simple moving average of $33.72.

Institutional Trading of Parametric Hedged Equity ETF

A hedge fund recently raised its stake in Parametric Hedged Equity ETF stock. Wayfinding Financial LLC grew its position in shares of Parametric Hedged Equity ETF (NYSEARCA:PHEQ) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,303 shares of the company’s stock after purchasing an additional 766 shares during the period. Parametric Hedged Equity ETF makes up about 1.9% of Wayfinding Financial LLC’s investment portfolio, making the stock its 14th largest position. Wayfinding Financial LLC owned approximately 3.20% of Parametric Hedged Equity ETF worth $4,374,000 at the end of the most recent reporting period.

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.