Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Short Interest Up 112.9% in August

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

Institutional Trading of Parametric Hedged Equity ETF

An institutional investor recently raised its stake in Parametric Hedged Equity ETF stock. Wayfinding Financial LLC raised its holdings in shares of Parametric Hedged Equity ETF (NYSEARCA:PHEQ) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,303 shares of the company’s stock after buying an additional 766 shares during the quarter. Parametric Hedged Equity ETF comprises about 1.9% of Wayfinding Financial LLC’s portfolio, making the stock its 14th biggest holding. Wayfinding Financial LLC owned approximately 3.20% of Parametric Hedged Equity ETF worth $4,374,000 at the end of the most recent quarter.

Parametric Hedged Equity ETF Stock Up 0.2%

Shares of NYSEARCA PHEQ traded up $0.07 during midday trading on Friday, reaching $35.20. 17,635 shares of the stock were exchanged, compared to its average volume of 21,644. The firm has a market cap of $144.32 million, a price-to-earnings ratio of 25.95 and a beta of 0.51. Parametric Hedged Equity ETF has a twelve month low of $29.54 and a twelve month high of $37.30. The firm has a 50-day simple moving average of $34.68 and a two-hundred day simple moving average of $33.72.

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.