Soundwatch Hedged Equity ETF (BATS:SHDG) Short Interest Up 517.7% in July

Soundwatch Hedged Equity ETF (BATS:SHDG) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 908 shares, an increase of 517.7% from the June 30th total of 147 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 4,096 shares, the days-to-cover ratio is presently 0.2 days.

Soundwatch Hedged Equity ETF Stock Performance

Shares of SHDG opened at $32.51 on Monday. The company has a market capitalization of $169.70 million, a price-to-earnings ratio of 25.08 and a beta of 0.76. The company’s 50 day simple moving average is $32.64 and its 200 day simple moving average is $32.29. Soundwatch Hedged Equity ETF has a 1 year low of $30.03 and a 1 year high of $33.00.

Hedge Funds Weigh In On Soundwatch Hedged Equity ETF

A hedge fund recently bought a new position in Soundwatch Hedged Equity ETF stock. Transcendent Capital Group LLC purchased a new position in Soundwatch Hedged Equity ETF (BATS:SHDG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,200 shares of the company’s stock, valued at approximately $200,000. Transcendent Capital Group LLC owned about 0.12% of Soundwatch Hedged Equity ETF at the end of the most recent quarter.

About Soundwatch Hedged Equity ETF

The Soundwatch Hedged Equity ETF (SHDG) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund is an actively managed fund which seeks to hedge downside US equity market risk and seeks to provide long-term capital appreciation. The fund combines equity exposure with several strategies using derivatives to hedge or generate income. SHDG was launched on Oct 24, 2022 and is managed by SoundWatch Capital.