Short Interest in ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Decreases By 38.8%

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,294 shares, a decline of 38.8% from the March 15th total of 2,116 shares. Based on an average daily volume of 16,738 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

ZEGA Buy and Hedge ETF Stock Performance

ZHDG stock opened at $21.70 on Monday. ZEGA Buy and Hedge ETF has a 1 year low of $18.39 and a 1 year high of $23.43. The company has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $22.55. The firm has a market cap of $33.64 million, a PE ratio of 26.42 and a beta of 0.77.

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.