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

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 36,756 shares, a growth of 78.5% from the August 31st total of 20,591 shares. Based on an average daily trading volume, of 16,370 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.9% of the company’s shares are sold short.

Parametric Hedged Equity ETF Stock Down 0.5%

Shares of PHEQ traded down $0.17 during trading on Thursday, reaching $35.23. 2,890 shares of the company traded hands, compared to its average volume of 21,213. Parametric Hedged Equity ETF has a twelve month low of $29.54 and a twelve month high of $40.19. The stock has a market cap of $155.02 million, a PE ratio of 25.95 and a beta of 0.51. The stock has a 50-day simple moving average of $35.08 and a 200-day simple moving average of $34.18.

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.