ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Trading Down 0.4%

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) shares fell 0.4% on Friday . The company traded as low as $17.68 and last traded at $17.73. 17,750 shares were traded during mid-day trading, an increase of 50% from the average session volume of 11,818 shares. The stock had previously closed at $17.80.

ZEGA Buy and Hedge ETF Stock Down 0.4 %

The stock’s 50 day simple moving average is $17.58 and its two-hundred day simple moving average is $16.86.

Institutional Trading of ZEGA Buy and Hedge ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of ZEGA Buy and Hedge ETF in the 2nd quarter worth $81,000. OLD Mission Capital LLC acquired a new stake in shares of ZEGA Buy and Hedge ETF during the 4th quarter worth about $80,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of ZEGA Buy and Hedge ETF during the 4th quarter worth about $1,482,000.

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.