Soundwatch Hedged Equity ETF (BATS:SHDG) Short Interest Up 4,875.9% in August

Soundwatch Hedged Equity ETF (BATS:SHDG – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,130 shares, a growth of 4,875.9% from the August 15th total of 83 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 19,979 shares, the days-to-cover ratio is currently 0.2 days.

Soundwatch Hedged Equity ETF Stock Down 0.5%

SHDG stock traded down $0.18 during midday trading on Thursday, hitting $33.15. The company’s stock had a trading volume of 35,458 shares, compared to its average volume of 5,155. Soundwatch Hedged Equity ETF has a 12 month low of $30.62 and a 12 month high of $33.79. The firm has a market capitalization of $173.04 million, a price-to-earnings ratio of 25.08 and a beta of 0.76. The company has a 50 day moving average of $33.15 and a two-hundred day moving average of $32.47.

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Soundwatch Hedged Equity ETF Company Profile

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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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