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

Soundwatch Hedged Equity ETF (BATS:SHDG) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 6,753 shares. Based on an average daily volume of 2,467 shares, the short-interest ratio is presently 2.7 days. Currently, 0.1% of the shares of the company are sold short.

Soundwatch Hedged Equity ETF Trading Down 1.3%

Soundwatch Hedged Equity ETF stock opened at $33.25 on Friday. Soundwatch Hedged Equity ETF has a 12 month low of $30.62 and a 12 month high of $33.97. The business’s 50 day simple moving average is $33.56 and its 200 day simple moving average is $32.69. The company has a market cap of $173.56 million, a price-to-earnings ratio of 25.08 and a beta of 0.76.

Soundwatch Hedged Equity ETF Company Profile

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.