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

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,027 shares, a growth of 88.7% from the January 15th total of 1,074 shares. Based on an average daily volume of 6,267 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 6,267 shares, the days-to-cover ratio is currently 0.3 days.

ZEGA Buy and Hedge ETF Trading Down 0.1%

ZHDG stock traded down $0.02 during mid-day trading on Friday, reaching $22.31. 3,297 shares of the stock traded hands, compared to its average volume of 8,890. ZEGA Buy and Hedge ETF has a 52-week low of $18.39 and a 52-week high of $23.43. The company has a market cap of $33.91 million, a P/E ratio of 26.42 and a beta of 0.76. The stock’s fifty day moving average is $22.72 and its 200-day moving average is $22.59.

ZEGA Buy and Hedge ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a $0.5805 dividend. This represents a yield of 256.0%. The ex-dividend date of this dividend was Wednesday, December 24th.

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.