Short Interest in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Grows By 112.4%
by Teresa Graham · The Cerbat GemParametric Hedged Equity ETF (NYSEARCA:PHEQ – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 13,594 shares, an increase of 112.4% from the March 31st total of 6,401 shares. Based on an average daily volume of 14,865 shares, the short-interest ratio is presently 0.9 days. Currently, 0.4% of the shares of the company are sold short.
Institutional Investors Weigh In On Parametric Hedged Equity ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 valued at $4,374,000 after acquiring an additional 766 shares during the period. Farther Finance Advisors LLC bought a new stake in Parametric Hedged Equity ETF in the 4th quarter valued at about $43,000. Finally, von Borstel & Associates Inc. bought a new stake in Parametric Hedged Equity ETF in the 3rd quarter valued at about $4,356,000.
Parametric Hedged Equity ETF Stock Performance
NYSEARCA PHEQ traded up $0.23 on Friday, hitting $33.71. 13,989 shares of the stock traded hands, compared to its average volume of 25,128. The business’s fifty day moving average is $32.51 and its two-hundred day moving average is $32.49. Parametric Hedged Equity ETF has a 12 month low of $28.13 and a 12 month high of $33.72. The firm has a market capitalization of $128.10 million, a price-to-earnings ratio of 25.95 and a beta of 0.51.
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.