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

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,269 shares, an increase of 544.2% from the June 30th total of 197 shares. Based on an average daily trading volume, of 4,594 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

ZEGA Buy and Hedge ETF Price Performance

Shares of ZHDG stock traded up $0.07 on Friday, hitting $23.27. The stock had a trading volume of 232 shares, compared to its average volume of 7,012. The firm has a market capitalization of $34.91 million, a P/E ratio of 26.42 and a beta of 0.78. ZEGA Buy and Hedge ETF has a 1 year low of $20.68 and a 1 year high of $23.98. The company’s 50 day moving average price is $23.47 and its 200-day moving average price is $22.73.

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.