ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Plans Annual Dividend of $0.58

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) announced an annual dividend on Tuesday, December 23rd. Stockholders of record on Wednesday, December 24th will be given a dividend of 0.5805 per share on Friday, December 26th. This represents a dividend yield of 256.0%. The ex-dividend date is Wednesday, December 24th.

ZEGA Buy and Hedge ETF Price Performance

Shares of ZHDG stock traded down $0.38 during trading hours on Wednesday, hitting $22.70. The company had a trading volume of 476 shares, compared to its average volume of 6,774. ZEGA Buy and Hedge ETF has a fifty-two week low of $18.39 and a fifty-two week high of $23.43. The company’s fifty day moving average is $22.99 and its 200 day moving average is $22.24. The stock has a market capitalization of $32.24 million, a PE ratio of 26.42 and a beta of 0.76.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ZEGA Buy and Hedge ETF stock. OLD Mission Capital LLC acquired a new position in shares of ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,790 shares of the company’s stock, valued at approximately $228,000. OLD Mission Capital LLC owned about 0.87% of ZEGA Buy and Hedge ETF as of its most recent filing with the Securities & Exchange Commission.

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.