ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Sees Significant Decline in Short Interest

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 170 shares, a decrease of 61.5% from the September 15th total of 441 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,147 shares, the short-interest ratio is currently 0.1 days.

ZEGA Buy and Hedge ETF Price Performance

Shares of NYSEARCA ZHDG traded down $0.18 during mid-day trading on Wednesday, reaching $24.00. 3,056 shares of the company’s stock were exchanged, compared to its average volume of 7,179. The firm has a market capitalization of $31.21 million, a price-to-earnings ratio of 26.42 and a beta of 0.78. ZEGA Buy and Hedge ETF has a 52 week low of $20.85 and a 52 week high of $24.49. The firm has a 50-day moving average price of $24.01 and a two-hundred day moving average price of $23.36.

About ZEGA Buy and Hedge ETF

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.