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

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 629 shares, a decrease 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 Down 1.5%

Shares of ZEGA Buy and Hedge ETF stock traded down $0.37 during trading on Thursday, reaching $23.62. 6,388 shares of the company were exchanged, compared to its average volume of 6,595. ZEGA Buy and Hedge ETF has a twelve month low of $20.85 and a twelve month high of $24.49. The business has a 50-day moving average price of $23.78 and a 200-day moving average price of $23.05. The firm has a market capitalization of $35.43 million, a price-to-earnings ratio of 26.42 and a beta of 0.78.

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.