Soundwatch Hedged Equity ETF (BATS:SHDG – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 6,753 shares. Based on an average trading volume of 2,467 shares, the short-interest ratio is currently 2.7 days. Approximately 0.1% of the shares of the stock are sold short.
Soundwatch Hedged Equity ETF Stock Performance
Shares of SHDG stock opened at $33.25 on Friday. Soundwatch Hedged Equity ETF has a fifty-two week low of $30.62 and a fifty-two week high of $33.97. The stock’s fifty day moving average price is $33.56 and its two-hundred day moving average price is $32.69. The company has a market cap of $173.56 million, a PE ratio of 25.08 and a beta of 0.76.
About Soundwatch Hedged Equity ETF
The Soundwatch Hedged Equity ETF (SHDG) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund is an actively managed fund which seeks to hedge downside US equity market risk and seeks to provide long-term capital appreciation. The fund combines equity exposure with several strategies using derivatives to hedge or generate income. SHDG was launched on Oct 24, 2022 and is managed by SoundWatch Capital.
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