Soundwatch Hedged Equity ETF (BATS:SHDG) Short Interest Update

Soundwatch Hedged Equity ETF (BATS:SHDG) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 908 shares, an increase of 517.7% from the June 30th total of 147 shares. Based on an average daily volume of 4,096 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Soundwatch Hedged Equity ETF

An institutional investor recently bought a new stake in Soundwatch Hedged Equity ETF stock. Transcendent Capital Group LLC acquired a new stake in shares of Soundwatch Hedged Equity ETF (BATS:SHDG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,200 shares of the company’s stock, valued at approximately $200,000. Transcendent Capital Group LLC owned about 0.12% of Soundwatch Hedged Equity ETF as of its most recent SEC filing.

Soundwatch Hedged Equity ETF Price Performance

Shares of Soundwatch Hedged Equity ETF stock opened at $32.51 on Friday. Soundwatch Hedged Equity ETF has a 1 year low of $30.03 and a 1 year high of $33.00. The business has a 50 day moving average price of $32.64 and a 200 day moving average price of $32.30. The company has a market capitalization of $169.70 million, a P/E ratio of 25.08 and a beta of 0.76.

Soundwatch Hedged Equity ETF Company Profile

The Soundwatch Hedged Equity ETF (SHDG) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund is an actively managed fund which seeks to hedge downside US equity market risk and seeks to provide long-term capital appreciation. The fund combines equity exposure with several strategies using derivatives to hedge or generate income. SHDG was launched on Oct 24, 2022 and is managed by SoundWatch Capital.