Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Short Interest Update

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the target of a significant 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. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 64,941 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 64,941 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.

Parametric Hedged Equity ETF Trading Down 0.2%

Shares of NYSEARCA PHEQ opened at $32.83 on Wednesday. The company has a market cap of $144.45 million, a price-to-earnings ratio of 25.95 and a beta of 0.53. Parametric Hedged Equity ETF has a 12 month low of $26.19 and a 12 month high of $32.99. The stock has a 50-day moving average price of $32.53 and a two-hundred day moving average price of $31.91.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Parametric Hedged Equity ETF stock. von Borstel & Associates Inc. purchased a new stake in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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 portfolio, making the stock its 28th largest holding. von Borstel & Associates Inc. owned 3.28% of Parametric Hedged Equity ETF as of its most recent filing with the Securities and Exchange Commission.

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.