Soundwatch Hedged Equity ETF (BATS:SHDG) Sees Large Increase in Short Interest

Soundwatch Hedged Equity ETF (BATS:SHDG) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 147 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average trading volume of 11,195 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Soundwatch Hedged Equity ETF stock. Transcendent Capital Group LLC acquired a new stake in Soundwatch Hedged Equity ETF (BATS:SHDG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,200 shares of the company’s stock, valued at approximately $200,000. Transcendent Capital Group LLC owned approximately 0.12% of Soundwatch Hedged Equity ETF as of its most recent filing with the Securities & Exchange Commission.

Soundwatch Hedged Equity ETF Price Performance

Shares of Soundwatch Hedged Equity ETF stock opened at $32.88 on Friday. The stock has a market capitalization of $171.63 million, a price-to-earnings ratio of 25.08 and a beta of 0.76. The business has a 50-day moving average of $32.60 and a 200 day moving average of $32.28. Soundwatch Hedged Equity ETF has a 12 month low of $30.03 and a 12 month high of $33.00.

About Soundwatch Hedged Equity ETF

The Soundwatch Hedged Equity ETF (SHDG) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund is an actively managed fund which seeks to hedge downside US equity market risk and seeks to provide long-term capital appreciation. The fund combines equity exposure with several strategies using derivatives to hedge or generate income. SHDG was launched on Oct 24, 2022 and is managed by SoundWatch Capital.