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

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDGGet Free Report) shares rose 0.7% during trading on Monday . The stock traded as high as $22.21 and last traded at $22.21. Approximately 713 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 8,285 shares. The stock had previously closed at $22.05.

ZEGA Buy and Hedge ETF Trading Up 0.7%

The firm has a market capitalization of $33.76 million, a price-to-earnings ratio of 26.42 and a beta of 0.76. The company has a 50-day moving average of $22.54 and a 200-day moving average of $22.67.

ZEGA Buy and Hedge ETF Announces Dividend

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

ZEGA Buy and Hedge ETF Company Profile

(Get Free Report)

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.

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