ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Trading 0.7% Higher – What’s Next?

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) shares were up 0.7% during mid-day trading on Monday . The stock traded as high as $23.10 and last traded at $23.08. Approximately 2,478 shares changed hands during trading, a decline of 64% from the average daily volume of 6,793 shares. The stock had previously closed at $22.91.

ZEGA Buy and Hedge ETF Price Performance

The business’s 50 day moving average price is $22.97 and its 200 day moving average price is $22.22. The firm has a market cap of $32.77 million, a PE ratio of 26.42 and a beta of 0.76.

Hedge Funds Weigh In On ZEGA Buy and Hedge ETF

An institutional investor recently bought a new position in ZEGA Buy and Hedge ETF stock. OLD Mission Capital LLC acquired a new stake in ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 as of its most recent filing with the SEC.

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. ZHDG was launched on Jul 6, 2021 and is managed by ZEGA.