Short Interest in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Increases By 144.1%

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 13,509 shares, a growth of 144.1% from the December 15th total of 5,535 shares. Based on an average daily volume of 64,941 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 64,941 shares, the days-to-cover ratio is presently 0.2 days.

Parametric Hedged Equity ETF Stock Performance

PHEQ traded up $0.03 during midday trading on Thursday, hitting $32.77. The stock had a trading volume of 10,045 shares, compared to its average volume of 34,974. The company has a market cap of $144.19 million, a P/E ratio of 25.95 and a beta of 0.53. Parametric Hedged Equity ETF has a 1 year low of $26.19 and a 1 year high of $32.99. The business has a fifty day moving average of $32.54 and a 200 day moving average of $31.93.

Institutional Investors Weigh In On Parametric Hedged Equity ETF

A hedge fund recently bought a new stake in Parametric Hedged Equity ETF stock. von Borstel & Associates Inc. acquired a new stake in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 134,430 shares of the company’s stock, valued at approximately $4,356,000. Parametric Hedged Equity ETF comprises approximately 0.7% of von Borstel & Associates Inc.’s investment portfolio, making the stock its 28th biggest position. von Borstel & Associates Inc. owned 3.28% of Parametric Hedged Equity ETF at the end of the most recent quarter.

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.