Parametric Hedged Equity ETF (NYSEARCA:PHEQ – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,020 shares, a growth of 81.4% from the June 30th total of 1,665 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 16,228 shares, the days-to-cover ratio is presently 0.2 days.
Parametric Hedged Equity ETF Stock Performance
PHEQ traded up $0.23 on Thursday, hitting $34.38. 6,920 shares of the company were exchanged, compared to its average volume of 21,221. The firm has a fifty day simple moving average of $34.39 and a two-hundred day simple moving average of $33.37. The stock has a market capitalization of $137.52 million, a PE ratio of 25.95 and a beta of 0.50. Parametric Hedged Equity ETF has a 12 month low of $29.54 and a 12 month high of $34.90.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Parametric Hedged Equity ETF stock. Farther Finance Advisors LLC bought a new position in Parametric Hedged Equity ETF (NYSEARCA:PHEQ – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,327 shares of the company’s stock, valued at approximately $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.
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