ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Sees Large Decrease in Short Interest

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 429 shares, a decline of 66.2% from the July 15th total of 1,269 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,479 shares, the short-interest ratio is currently 0.2 days.

ZEGA Buy and Hedge ETF Trading Down 0.1%

Shares of ZHDG stock traded down $0.03 during mid-day trading on Friday, reaching $24.33. The stock had a trading volume of 2,151 shares, compared to its average volume of 6,658. The firm has a market capitalization of $36.49 million, a PE ratio of 26.42 and a beta of 0.78. The stock’s 50-day moving average price is $23.55 and its two-hundred day moving average price is $22.86. ZEGA Buy and Hedge ETF has a 52-week low of $20.68 and a 52-week high of $24.49.

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.