Short Interest in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Increases By 112.9%

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 14,405 shares, a growth of 112.9% from the July 30th total of 6,766 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 26,533 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Parametric Hedged Equity ETF

An institutional investor recently raised its position in Parametric Hedged Equity ETF stock. Wayfinding Financial LLC lifted its position in shares of Parametric Hedged Equity ETF (NYSEARCA:PHEQ) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,303 shares of the company’s stock after buying an additional 766 shares during the quarter. Parametric Hedged Equity ETF comprises about 1.9% of Wayfinding Financial LLC’s holdings, making the stock its 14th largest position. Wayfinding Financial LLC owned 3.20% of Parametric Hedged Equity ETF worth $4,374,000 at the end of the most recent reporting period.

Parametric Hedged Equity ETF Price Performance

PHEQ opened at $35.20 on Monday. Parametric Hedged Equity ETF has a fifty-two week low of $29.54 and a fifty-two week high of $37.30. The company’s 50 day moving average price is $34.68 and its two-hundred day moving average price is $33.73. The firm has a market capitalization of $144.32 million, a price-to-earnings ratio of 25.95 and a beta of 0.51.

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.