Short Interest in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Drops By 43.3%

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) saw a significant decrease in short interest during 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 currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

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

Parametric Hedged Equity ETF Price Performance

PHEQ stock opened at $34.46 on Friday. 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 capitalization of $137.84 million, a price-to-earnings ratio of 25.95 and a beta of 0.50. The business’s fifty day moving average price is $34.18 and its two-hundred day moving average price is $33.13.

Parametric Hedged Equity ETF Company Profile

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.