Soundwatch Hedged Equity ETF (BATS:SHDG – Get Free Report) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 6,753 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,467 shares, the days-to-cover ratio is currently 2.7 days.
Soundwatch Hedged Equity ETF Price Performance
Shares of BATS SHDG opened at $33.25 on Friday. The company has a 50-day moving average price of $33.56 and a 200-day moving average price of $32.69. The stock has a market capitalization of $173.56 million, a P/E ratio of 25.08 and a beta of 0.76. Soundwatch Hedged Equity ETF has a 1 year low of $30.62 and a 1 year high of $33.97.
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.
Further Reading
- Five stocks we like better than Soundwatch Hedged Equity ETF
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for Soundwatch Hedged Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Soundwatch Hedged Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
