ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Sees Significant Decrease in Short Interest

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 962 shares, a drop of 58.2% from the April 30th total of 2,300 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,899 shares, the short-interest ratio is currently 0.3 days.

ZEGA Buy and Hedge ETF Stock Performance

Shares of NYSEARCA:ZHDG traded up $0.04 on Monday, reaching $23.88. The company’s stock had a trading volume of 1,700 shares, compared to its average volume of 7,847. ZEGA Buy and Hedge ETF has a 52-week low of $20.51 and a 52-week high of $23.98. The company has a 50-day simple moving average of $22.49 and a 200 day simple moving average of $22.58. The company has a market cap of $36.30 million, a P/E ratio of 26.42 and a beta of 0.77.

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.