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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PHEQ. von Borstel & Associates Inc. acquired a new position in Parametric Hedged Equity ETF during the 3rd quarter worth $4,356,000. Farther Finance Advisors LLC bought a new position in Parametric Hedged Equity ETF in the fourth quarter worth about $43,000. Finally, Wayfinding Financial LLC boosted its stake 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 valued at $4,374,000 after acquiring an additional 766 shares during the period.

Parametric Hedged Equity ETF Trading Down 0.3%

Shares of PHEQ traded down $0.11 during mid-day trading on Wednesday, reaching $34.46. The company had a trading volume of 27,433 shares, compared to its average volume of 22,203. Parametric Hedged Equity ETF has a fifty-two week low of $29.54 and a fifty-two week high of $34.75. The stock has a market cap of $137.84 million, a price-to-earnings ratio of 25.95 and a beta of 0.51. The firm has a fifty day simple moving average of $34.14 and a 200-day simple moving average of $33.10.

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.