Short Interest in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Declines By 81.9%

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 1,665 shares, a decline of 81.9% from the June 15th total of 9,184 shares. Based on an average daily volume of 22,187 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Parametric Hedged Equity ETF Stock Performance

Shares of PHEQ traded up $0.01 during mid-day trading on Friday, reaching $34.60. The stock had a trading volume of 54,969 shares, compared to its average volume of 21,906. The firm has a market cap of $141.86 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 $34.90. The business has a fifty day moving average of $34.29 and a 200 day moving average of $33.21.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PHEQ. Wayfinding Financial LLC increased its stake in Parametric Hedged Equity ETF by 0.6% in the 4th quarter. Wayfinding Financial LLC now owns 134,303 shares of the company’s stock worth $4,374,000 after buying an additional 766 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Parametric Hedged Equity ETF in the fourth quarter valued at about $43,000. Finally, von Borstel & Associates Inc. bought a new position in shares of Parametric Hedged Equity ETF in the third quarter worth about $4,356,000.

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.