Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Shares Shorted: Short Interest Down 60.3% in September

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 14,580 shares, a decline of 60.3% from the September 15th total of 36,756 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 21,399 shares, the short-interest ratio is currently 0.7 days.

Parametric Hedged Equity ETF Trading Down 0.3%

Shares of Parametric Hedged Equity ETF stock opened at $35.53 on Thursday. The company has a market cap of $152.76 million, a P/E ratio of 25.95 and a beta of 0.50. The business has a 50-day moving average price of $35.32 and a two-hundred day moving average price of $34.44. Parametric Hedged Equity ETF has a 1-year low of $29.54 and a 1-year high of $40.19.

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.