ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Short Interest Update

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 962 shares, a decrease of 58.2% from the April 30th total of 2,300 shares. Based on an average daily volume of 2,899 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

ZEGA Buy and Hedge ETF Stock Performance

NYSEARCA ZHDG traded up $0.04 during trading hours on Tuesday, reaching $23.88. 1,700 shares of the company’s stock were exchanged, compared to its average volume of 7,847. The company’s 50-day moving average is $22.49 and its two-hundred day moving average is $22.58. ZEGA Buy and Hedge ETF has a one year low of $20.51 and a one year high of $23.98. The company has a market capitalization of $36.30 million, a price-to-earnings ratio of 26.42 and a beta of 0.77.

ZEGA Buy and Hedge ETF Company Profile

The ZEGA Buy and Hedge ETF (ZHDG) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed options strategy that provides S&P 500 equity exposure while attempting to mitigate downside risk. The fund uses options and a broad range of fixed income securities to pursue its investment objective. ZHDG was launched on Jul 6, 2021 and is managed by ZEGA.