ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Short Interest Up 1,148.3% in August

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 5,355 shares, a growth of 1,148.3% from the July 30th total of 429 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 3,970 shares, the days-to-cover ratio is presently 1.3 days.

ZEGA Buy and Hedge ETF Price Performance

ZHDG stock opened at $23.96 on Thursday. The stock has a market cap of $35.94 million, a price-to-earnings ratio of 26.42 and a beta of 0.78. The company has a 50 day simple moving average of $23.66 and a 200 day simple moving average of $22.94. ZEGA Buy and Hedge ETF has a 1 year low of $20.68 and a 1 year 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.