Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Sees Significant Increase in Short Interest

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

Parametric Hedged Equity ETF Trading Up 0.1%

Shares of PHEQ traded up $0.03 during midday trading on Wednesday, hitting $35.40. 14,563 shares of the company’s stock traded hands, compared to its average volume of 21,321. The stock has a market capitalization of $155.76 million, a price-to-earnings ratio of 25.95 and a beta of 0.51. Parametric Hedged Equity ETF has a 1 year low of $29.54 and a 1 year high of $40.19. The firm’s fifty day moving average is $35.06 and its 200-day moving average is $34.16.

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.