Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Short Interest Update

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 6,766 shares, a growth of 124.0% from the July 15th total of 3,020 shares. Based on an average trading volume of 14,509 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Parametric Hedged Equity ETF Trading Up 0.0%

Shares of NYSEARCA:PHEQ opened at $35.17 on Friday. The company has a 50-day moving average price of $34.52 and a 200-day moving average price of $33.55. The company has a market cap of $144.20 million, a price-to-earnings 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 $35.29.

Institutional Inflows and Outflows

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 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,303 shares of the company’s stock after purchasing an additional 766 shares during the period. Parametric Hedged Equity ETF accounts for about 1.9% of Wayfinding Financial LLC’s holdings, making the stock its 14th largest holding. Wayfinding Financial LLC owned about 3.20% of Parametric Hedged Equity ETF worth $4,374,000 at the end of the most recent quarter.

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.