Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Short Interest Up 63.6% in March

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 6,037 shares, a growth of 63.6% from the February 26th total of 3,690 shares. Based on an average daily volume of 31,962 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Parametric Hedged Equity ETF

A number of institutional investors have recently modified their holdings of the business. von Borstel & Associates Inc. bought a new position in Parametric Hedged Equity ETF in the third quarter worth about $4,356,000. Farther Finance Advisors LLC bought a new stake in shares of Parametric Hedged Equity ETF in the 4th quarter worth approximately $43,000. Finally, Wayfinding Financial LLC boosted its position in Parametric Hedged Equity ETF by 0.6% during the 4th quarter. Wayfinding Financial LLC now owns 134,303 shares of the company’s stock valued at $4,374,000 after purchasing an additional 766 shares during the period.

Parametric Hedged Equity ETF Trading Down 0.9%

Parametric Hedged Equity ETF stock traded down $0.27 during mid-day trading on Friday, reaching $31.47. The company’s stock had a trading volume of 29,122 shares, compared to its average volume of 25,139. Parametric Hedged Equity ETF has a twelve month low of $26.19 and a twelve month high of $33.03. The business has a 50 day moving average price of $32.43 and a 200-day moving average price of $32.37. The firm has a market cap of $132.17 million, a price-to-earnings ratio of 25.95 and a beta of 0.53.

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.