Parametric Hedged Equity ETF (NYSEARCA:PHEQ – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 3,417 shares, a drop of 76.6% from the September 30th total of 14,580 shares. Based on an average daily volume of 23,580 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Parametric Hedged Equity ETF Stock Performance
Shares of PHEQ stock traded up $0.10 during trading hours on Wednesday, reaching $35.81. The company had a trading volume of 13,473 shares, compared to its average volume of 21,151. The stock has a fifty day moving average of $35.41 and a 200-day moving average of $33.98. The company has a market capitalization of $150.40 million, a price-to-earnings ratio of 25.95 and a beta of 0.50. Parametric Hedged Equity ETF has a 12-month low of $29.54 and a 12-month high of $40.19.
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.
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