ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Short Interest Up 544.2% in July

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,269 shares, an increase of 544.2% from the June 30th total of 197 shares. Based on an average daily volume of 4,594 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

ZEGA Buy and Hedge ETF Price Performance

ZHDG stock opened at $23.27 on Monday. ZEGA Buy and Hedge ETF has a 52 week low of $20.68 and a 52 week high of $23.98. The firm has a 50-day simple moving average of $23.47 and a 200-day simple moving average of $22.73. The stock has a market capitalization of $34.91 million, a P/E ratio of 26.42 and a beta of 0.78.

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.