ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Announces Annual Dividend of $0.58

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) declared an annual dividend on Tuesday, December 23rd. Stockholders of record on Wednesday, December 24th will be given a dividend of 0.5805 per share on Friday, December 26th. This represents a dividend yield of 256.0%. The ex-dividend date is Wednesday, December 24th.

ZEGA Buy and Hedge ETF Price Performance

Shares of ZHDG stock traded down $0.48 on Wednesday, hitting $22.70. The company’s stock had a trading volume of 478 shares, compared to its average volume of 6,748. The stock has a market capitalization of $32.24 million, a price-to-earnings ratio of 26.42 and a beta of 0.76. ZEGA Buy and Hedge ETF has a fifty-two week low of $18.39 and a fifty-two week high of $23.43. The firm’s fifty day moving average price is $22.99 and its 200-day moving average price is $22.24.

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.