Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Sees Large Growth in Short Interest

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

Parametric Hedged Equity ETF Price Performance

PHEQ opened at $35.17 on Friday. The stock’s 50 day simple moving average is $34.52 and its 200 day simple moving average is $33.55. Parametric Hedged Equity ETF has a 1 year low of $29.54 and a 1 year high of $35.29. The firm has a market cap of $144.20 million, a price-to-earnings ratio of 25.95 and a beta of 0.51.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Parametric Hedged Equity ETF stock. Wayfinding Financial LLC boosted its position in shares of Parametric Hedged Equity ETF (NYSEARCA:PHEQ) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 134,303 shares of the company’s stock after buying an additional 766 shares during the quarter. Parametric Hedged Equity ETF makes up about 1.9% of Wayfinding Financial LLC’s holdings, making the stock its 14th biggest holding. Wayfinding Financial LLC owned about 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.