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 drop in short interest in June. As of June 15th, there was short interest totaling 109 shares, a drop of 89.6% from the May 31st total of 1,053 shares. Based on an average daily trading volume, of 2,500 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

ZEGA Buy and Hedge ETF Price Performance

Shares of NYSEARCA ZHDG opened at $23.08 on Friday. The company has a 50-day moving average price of $23.23 and a 200-day moving average price of $22.65. The stock has a market capitalization of $35.08 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.

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.