Soundwatch Hedged Equity ETF (BATS:SHDG) Sees Significant Growth in Short Interest

Soundwatch Hedged Equity ETF (BATS:SHDG) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 908 shares, a growth of 517.7% from the June 30th total of 147 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 4,096 shares, the short-interest ratio is currently 0.2 days.

Soundwatch Hedged Equity ETF Stock Up 0.1%

BATS:SHDG opened at $32.51 on Friday. The firm’s fifty day simple moving average is $32.64 and its 200-day simple moving average is $32.30. The stock has a market cap of $169.70 million, a PE ratio of 25.08 and a beta of 0.76. Soundwatch Hedged Equity ETF has a fifty-two week low of $30.03 and a fifty-two week high of $33.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Soundwatch Hedged Equity ETF stock. Transcendent Capital Group LLC bought a new stake in Soundwatch Hedged Equity ETF (BATS:SHDG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,200 shares of the company’s stock, valued at approximately $200,000. Transcendent Capital Group LLC owned approximately 0.12% of Soundwatch Hedged Equity ETF at the end of the most recent quarter.

Soundwatch Hedged Equity ETF Company Profile

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.