Short Interest in ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Decreases By 20.1%

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 12,739 shares, a decline of 20.1% from the November 30th total of 15,949 shares. Based on an average daily volume of 5,596 shares, the short-interest ratio is presently 2.3 days. Currently, 0.9% of the shares of the stock are sold short. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 5,596 shares, the short-interest ratio is presently 2.3 days.

ZEGA Buy and Hedge ETF Trading Up 0.2%

Shares of ZHDG stock opened at $22.63 on Friday. The company has a market capitalization of $32.13 million, a P/E ratio of 26.42 and a beta of 0.76. The business’s 50 day moving average is $22.98 and its two-hundred day moving average is $22.31. ZEGA Buy and Hedge ETF has a 12-month low of $18.39 and a 12-month high of $23.43.

ZEGA Buy and Hedge ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.5805 per share. The ex-dividend date was Wednesday, December 24th. This represents a dividend yield of 256.0%.

Institutional Investors 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 position in shares of ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,790 shares of the company’s stock, valued at approximately $228,000. OLD Mission Capital LLC owned 0.87% of ZEGA Buy and Hedge ETF as of its most recent filing with the Securities & Exchange Commission.

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.