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

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 109 shares, a decline of 89.6% from the May 31st total of 1,053 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,500 shares, the short-interest ratio is currently 0.0 days.

ZEGA Buy and Hedge ETF Stock Performance

ZHDG remained flat at $23.13 during midday trading on Friday. The company’s stock had a trading volume of 12,808 shares, compared to its average volume of 7,405. The company has a market cap of $35.16 million, a P/E ratio of 26.42 and a beta of 0.78. ZEGA Buy and Hedge ETF has a 1 year low of $20.68 and a 1 year high of $23.98. The stock has a 50 day moving average of $23.21 and a two-hundred day moving average of $22.65.

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.