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

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,294 shares, a decline of 38.8% from the March 15th total of 2,116 shares. Based on an average trading volume of 16,738 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

ZEGA Buy and Hedge ETF Stock Performance

Shares of NYSEARCA ZHDG traded up $0.13 during trading on Wednesday, hitting $22.29. 9,866 shares of the company were exchanged, compared to its average volume of 9,533. 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 fifty day moving average price of $21.98 and a 200-day moving average price of $22.54. The firm has a market capitalization of $34.55 million, a PE ratio of 26.42 and a beta of 0.77.

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.