Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Short Interest Up 112.9% in August

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 14,405 shares, a growth of 112.9% from the July 30th total of 6,766 shares. Based on an average daily trading volume, of 26,533 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the shares of the company are short sold.

Parametric Hedged Equity ETF Price Performance

PHEQ opened at $35.20 on Friday. The stock’s 50 day moving average price is $34.68 and its 200 day moving average price is $33.72. The stock has a market cap of $144.32 million, a P/E ratio of 25.95 and a beta of 0.51. Parametric Hedged Equity ETF has a 12 month low of $29.54 and a 12 month high of $37.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Parametric Hedged Equity ETF stock. Wayfinding Financial LLC lifted its stake in shares of Parametric Hedged Equity ETF (NYSEARCA:PHEQ) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,303 shares of the company’s stock after purchasing an additional 766 shares during the quarter. Parametric Hedged Equity ETF comprises about 1.9% of Wayfinding Financial LLC’s investment portfolio, making the stock its 14th largest holding. Wayfinding Financial LLC owned 3.20% of Parametric Hedged Equity ETF worth $4,374,000 as of its most recent filing with the Securities & Exchange Commission.

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.