Short Interest in Soundwatch Hedged Equity ETF (BATS:SHDG) Drops By 90.9%

Soundwatch Hedged Equity ETF (BATS:SHDGGet Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 83 shares, a decrease of 90.9% from the July 15th total of 908 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,413 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Soundwatch Hedged Equity ETF

A hedge fund recently bought a new stake in Soundwatch Hedged Equity ETF stock. Crestwood Advisors Group LLC acquired a new stake in shares of Soundwatch Hedged Equity ETF (BATS:SHDGFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,138 shares of the company’s stock, valued at approximately $360,000. Crestwood Advisors Group LLC owned about 0.21% of Soundwatch Hedged Equity ETF as of its most recent SEC filing.

Soundwatch Hedged Equity ETF Stock Down 0.2%

Shares of Soundwatch Hedged Equity ETF stock traded down $0.06 during trading on Tuesday, hitting $33.50. 956 shares of the company were exchanged, compared to its average volume of 3,908. Soundwatch Hedged Equity ETF has a fifty-two week low of $30.57 and a fifty-two week high of $33.63. The firm has a 50 day moving average price of $32.75 and a 200 day moving average price of $32.33. The stock has a market capitalization of $174.87 million, a price-to-earnings ratio of 25.08 and a beta of 0.76.

Soundwatch Hedged Equity ETF Company Profile

(Get Free Report)

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.

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