Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Short Interest Up 81.4% in July

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 3,020 shares, a growth of 81.4% from the June 30th total of 1,665 shares. Based on an average trading volume of 16,228 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Parametric Hedged Equity ETF

A hedge fund recently bought a new position in Parametric Hedged Equity ETF stock. Farther Finance Advisors LLC purchased a new position in shares of Parametric Hedged Equity ETF (NYSEARCA:PHEQ) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,327 shares of the company’s stock, valued at approximately $43,000.

Parametric Hedged Equity ETF Stock Up 0.3%

Shares of PHEQ traded up $0.12 during trading hours on Friday, reaching $34.50. 5,261 shares of the company traded hands, compared to its average volume of 21,111. The stock has a market capitalization of $138 million, a PE ratio of 25.95 and a beta of 0.50. The stock has a fifty day simple moving average of $34.39 and a 200 day simple moving average of $33.38. Parametric Hedged Equity ETF has a fifty-two week low of $29.54 and a fifty-two week high of $34.90.

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.