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

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 2,316 shares, a decrease of 28.8% from the February 12th total of 3,252 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,579 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 6,579 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

ZEGA Buy and Hedge ETF Trading Down 0.6%

NYSEARCA:ZHDG traded down $0.14 during midday trading on Friday, hitting $21.80. 8,637 shares of the stock were exchanged, compared to its average volume of 8,554. ZEGA Buy and Hedge ETF has a one year low of $18.39 and a one year high of $23.43. The company has a market capitalization of $33.14 million, a price-to-earnings ratio of 26.42 and a beta of 0.76. The business has a 50-day moving average price of $22.49 and a two-hundred day moving average price of $22.67.

ZEGA Buy and Hedge ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a $0.5805 dividend. This represents a dividend yield of 256.0%. The ex-dividend date of this dividend was Wednesday, December 24th.

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.