Soundwatch Hedged Equity ETF (BATS:SHDG) Short Interest Up 4,875.9% in August

Soundwatch Hedged Equity ETF (BATS:SHDG) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,130 shares, an increase of 4,875.9% from the August 15th total of 83 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 19,979 shares, the days-to-cover ratio is currently 0.2 days.

Soundwatch Hedged Equity ETF Trading Down 0.5%

BATS SHDG traded down $0.18 on Thursday, reaching $33.15. 35,458 shares of the stock were exchanged, compared to its average volume of 5,155. Soundwatch Hedged Equity ETF has a one year low of $30.62 and a one year high of $33.79. The firm has a market capitalization of $173.04 million, a PE ratio of 25.08 and a beta of 0.76. The company’s 50-day simple moving average is $33.15 and its two-hundred day simple moving average is $32.47.

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.