Soundwatch Hedged Equity ETF (BATS:SHDG – Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 83 shares, a decline of 90.9% from the July 15th total of 908 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,413 shares, the days-to-cover ratio is presently 0.0 days.
Soundwatch Hedged Equity ETF Stock Down 0.2%
Shares of BATS:SHDG traded down $0.06 during trading on Tuesday, reaching $33.50. The stock had a trading volume of 956 shares, compared to its average volume of 3,908. The stock has a market cap of $174.87 million, a P/E ratio of 25.08 and a beta of 0.76. The business has a fifty day moving average price of $32.75 and a 200-day moving average price of $32.33. Soundwatch Hedged Equity ETF has a fifty-two week low of $30.57 and a fifty-two week high of $33.63.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Soundwatch Hedged Equity ETF stock. Transcendent Capital Group LLC purchased a new position in shares of Soundwatch Hedged Equity ETF (BATS:SHDG – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,200 shares of the company’s stock, valued at approximately $200,000. Transcendent Capital Group LLC owned 0.12% of Soundwatch Hedged Equity ETF as of its most recent SEC filing.
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.
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