ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) to Issue Annual Dividend of $0.58

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) declared an annual dividend on Tuesday, December 23rd. Investors of record on Wednesday, December 24th will be paid a dividend of 0.5805 per share on Friday, December 26th. This represents a yield of 256.0%. The ex-dividend date of this dividend is Wednesday, December 24th.

ZEGA Buy and Hedge ETF Stock Performance

NYSEARCA:ZHDG traded down $0.38 during trading hours on Wednesday, reaching $22.70. The company’s stock had a trading volume of 476 shares, compared to its average volume of 6,774. ZEGA Buy and Hedge ETF has a 12 month low of $18.39 and a 12 month high of $23.43. The company has a market capitalization of $32.24 million, a P/E ratio of 26.42 and a beta of 0.76. The stock has a 50 day moving average price of $22.99 and a two-hundred day moving average price of $22.24.

About ZEGA Buy and Hedge ETF

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.