Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Shares Shorted: Short Interest Down 60.3% in September

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 14,580 shares, a decrease of 60.3% from the September 15th total of 36,756 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 21,399 shares, the days-to-cover ratio is presently 0.7 days.

Parametric Hedged Equity ETF Stock Performance

Shares of Parametric Hedged Equity ETF stock traded up $0.01 during midday trading on Tuesday, hitting $35.84. 1,217 shares of the company traded hands, compared to its average volume of 21,371. The stock has a market cap of $154.11 million, a price-to-earnings ratio of 25.95 and a beta of 0.50. The firm’s fifty day moving average price is $35.28 and its 200-day moving average price is $34.39. Parametric Hedged Equity ETF has a 12 month low of $29.54 and a 12 month high of $40.19.

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.