Short Interest in ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Expands By 189.1%

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 13,300 shares, an increase of 189.1% from the September 30th total of 4,600 shares. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.0% of the shares of the company are short sold. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On ZEGA Buy and Hedge ETF

A hedge fund recently bought a new stake in ZEGA Buy and Hedge ETF stock. OLD Mission Capital LLC bought a new position in shares of ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,790 shares of the company’s stock, valued at approximately $228,000. OLD Mission Capital LLC owned about 0.87% of ZEGA Buy and Hedge ETF at the end of the most recent reporting period.

ZEGA Buy and Hedge ETF Stock Performance

NYSEARCA:ZHDG opened at $23.27 on Friday. ZEGA Buy and Hedge ETF has a one year low of $18.39 and a one year high of $23.43. The firm has a market cap of $32.58 million, a price-to-earnings ratio of 26.42 and a beta of 0.76. The firm’s fifty day moving average is $22.57 and its two-hundred day moving average is $21.41.

ZEGA Buy and Hedge ETF Company Profile

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.