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

by · The Cerbat Gem

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG – Get Free Report) was the target of a large decline in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 8,187 shares, the short-interest ratio is currently 0.1 days.

ZEGA Buy and Hedge ETF Trading Up 1.1%

Shares of ZHDG traded up $0.25 during midday trading on Friday, reaching $23.87. 202 shares of the stock were exchanged, compared to its average volume of 6,557. The company’s 50 day moving average is $23.80 and its two-hundred day moving average is $23.06. The company has a market capitalization of $35.80 million, a P/E ratio of 26.42 and a beta of 0.78. ZEGA Buy and Hedge ETF has a 52 week low of $20.85 and a 52 week high of $24.49.

About ZEGA Buy and Hedge ETF

(Get Free Report)

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.

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