Short Interest in ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Drops By 58.2%

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 962 shares, a drop of 58.2% from the April 30th total of 2,300 shares. Based on an average trading volume of 2,899 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

ZEGA Buy and Hedge ETF Trading Up 0.5%

Shares of NYSEARCA:ZHDG traded up $0.11 on Friday, reaching $23.84. The company had a trading volume of 376 shares, compared to its average volume of 7,908. ZEGA Buy and Hedge ETF has a 52-week low of $20.27 and a 52-week high of $23.91. The firm’s 50 day simple moving average is $22.44 and its 200-day simple moving average is $22.58. The firm has a market capitalization of $36.24 million, a PE ratio of 26.42 and a beta of 0.77.

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.