Short Interest in ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Declines By 88.3%

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 629 shares, a decline of 88.3% from the August 15th total of 5,355 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 8,187 shares, the days-to-cover ratio is currently 0.1 days.

ZEGA Buy and Hedge ETF Stock Performance

NYSEARCA:ZHDG traded down $0.37 during trading hours on Thursday, hitting $23.62. The stock had a trading volume of 6,388 shares, compared to its average volume of 6,595. The business’s 50 day moving average is $23.78 and its 200-day moving average is $23.05. The company has a market cap of $35.43 million, a price-to-earnings ratio of 26.42 and a beta of 0.78. ZEGA Buy and Hedge ETF has a one year low of $20.85 and a one 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.