ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Short Interest Up 1,148.3% in August

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 5,355 shares, an increase of 1,148.3% from the July 30th total of 429 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 3,970 shares, the short-interest ratio is presently 1.3 days.

ZEGA Buy and Hedge ETF Stock Up 0.3%

ZHDG traded up $0.07 during midday trading on Tuesday, hitting $23.94. 3,172 shares of the company were exchanged, compared to its average volume of 6,820. The firm has a market capitalization of $35.91 million, a P/E ratio of 26.42 and a beta of 0.78. ZEGA Buy and Hedge ETF has a 1-year low of $20.68 and a 1-year high of $24.49. The firm’s 50 day moving average price is $23.64 and its 200-day moving average price is $22.93.

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.