Short Interest in ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Rises By 1,148.3%

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 5,355 shares, an increase of 1,148.3% from the July 30th total of 429 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 3,970 shares, the days-to-cover ratio is currently 1.3 days.

ZEGA Buy and Hedge ETF Stock Performance

Shares of ZHDG stock traded down $0.01 during mid-day trading on Wednesday, reaching $23.94. 3,172 shares of the company were exchanged, compared to its average volume of 6,820. The business’s 50 day simple moving average is $23.64 and its 200 day simple moving average is $22.93. The company has a market capitalization of $35.91 million, a P/E ratio of 26.42 and a beta of 0.78. ZEGA Buy and Hedge ETF has a fifty-two week low of $20.68 and a fifty-two week high of $24.49.

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.