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

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the target of a large 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 sold short.

Parametric Hedged Equity ETF Price Performance

PHEQ stock traded down $0.27 during midday trading on Friday, reaching $31.47. 29,122 shares of the company were exchanged, compared to its average volume of 25,139. Parametric Hedged Equity ETF has a one year low of $26.19 and a one year high of $33.03. The firm has a market capitalization of $132.17 million, a price-to-earnings ratio of 25.95 and a beta of 0.53. The business has a 50-day moving average price of $32.43 and a two-hundred day moving average price of $32.37.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PHEQ. von Borstel & Associates Inc. acquired a new position in shares of Parametric Hedged Equity ETF in the third quarter valued at about $4,356,000. Wayfinding Financial LLC raised 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 purchasing an additional 766 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in Parametric Hedged Equity ETF in the 4th quarter valued at about $43,000.

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.