ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Short Interest Up 544.2% in July

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,269 shares, a growth of 544.2% from the June 30th total of 197 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 4,594 shares, the days-to-cover ratio is presently 0.3 days.

ZEGA Buy and Hedge ETF Stock Performance

Shares of ZHDG stock traded up $0.07 during mid-day trading on Friday, hitting $23.27. The company’s stock had a trading volume of 232 shares, compared to its average volume of 7,012. The company has a market cap of $34.91 million, a PE ratio of 26.42 and a beta of 0.78. The company’s fifty day simple moving average is $23.47 and its 200-day simple moving average is $22.73. ZEGA Buy and Hedge ETF has a 52 week low of $20.68 and a 52 week high of $23.98.

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.