ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Sees Significant Decline in Short Interest

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 170 shares, a decrease of 61.5% from the September 15th total of 441 shares. Based on an average daily trading volume, of 3,147 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

ZEGA Buy and Hedge ETF Stock Down 0.1%

NYSEARCA:ZHDG traded down $0.02 during trading hours on Tuesday, hitting $24.19. 3,194 shares of the company traded hands, compared to its average volume of 7,200. The firm’s 50-day simple moving average is $24.01 and its 200-day simple moving average is $23.36. ZEGA Buy and Hedge ETF has a one year low of $20.85 and a one year high of $24.49. The company has a market cap of $31.45 million, a PE ratio of 26.42 and a beta of 0.78.

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.