ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Short Interest Down 89.6% in June

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 109 shares, a drop of 89.6% from the May 31st total of 1,053 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is presently 0.0 days.

ZEGA Buy and Hedge ETF Trading Down 0.2%

ZHDG stock traded down $0.05 on Friday, hitting $23.08. The company’s stock had a trading volume of 4,059 shares, compared to its average volume of 7,377. The firm has a 50 day moving average of $23.23 and a two-hundred day moving average of $22.65. ZEGA Buy and Hedge ETF has a 1 year low of $20.68 and a 1 year high of $23.98. The stock has a market cap of $35.08 million, a price-to-earnings ratio of 26.42 and a beta of 0.78.

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.