ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Short Interest Up 87.6% in April

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 2,427 shares, a growth of 87.6% from the March 31st total of 1,294 shares. Based on an average daily volume of 7,467 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

ZEGA Buy and Hedge ETF Stock Performance

Shares of ZHDG opened at $22.63 on Monday. The company has a 50 day moving average price of $21.97 and a 200-day moving average price of $22.52. ZEGA Buy and Hedge ETF has a fifty-two week low of $19.21 and a fifty-two week high of $23.43. The stock has a market capitalization of $34.40 million, a PE ratio of 26.42 and a beta of 0.77.

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