ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Sees Significant Decline in Short Interest

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 109 shares, a decrease of 89.6% from the May 31st total of 1,053 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is currently 0.0 days.

ZEGA Buy and Hedge ETF Price Performance

NYSEARCA ZHDG remained flat at $23.13 during trading hours on Friday. 12,808 shares of the company were exchanged, compared to its average volume of 7,405. The company has a market cap of $35.16 million, a PE ratio of 26.42 and a beta of 0.78. ZEGA Buy and Hedge ETF has a 1-year low of $20.68 and a 1-year high of $23.98. The firm has a 50-day simple moving average of $23.21 and a 200 day simple moving average of $22.65.

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.