Short Interest in ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Decreases By 66.2%

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 429 shares, a decline of 66.2% from the July 15th total of 1,269 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,479 shares, the short-interest ratio is presently 0.2 days.

ZEGA Buy and Hedge ETF Trading Down 0.1%

Shares of ZEGA Buy and Hedge ETF stock traded down $0.03 during trading hours on Friday, hitting $24.33. 2,151 shares of the company were exchanged, compared to its average volume of 6,658. ZEGA Buy and Hedge ETF has a 1 year low of $20.68 and a 1 year high of $24.49. The business has a 50-day moving average of $23.55 and a 200-day moving average of $22.86. The stock has a market capitalization of $36.49 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.