Short Interest in ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Drops By 15.1%

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 1,074 shares, a decline of 15.1% from the December 31st total of 1,265 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 11,215 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 11,215 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

ZEGA Buy and Hedge ETF Stock Performance

Shares of ZHDG traded down $0.15 during trading hours on Tuesday, hitting $22.62. The stock had a trading volume of 6,136 shares, compared to its average volume of 8,452. ZEGA Buy and Hedge ETF has a fifty-two week low of $18.39 and a fifty-two week high of $23.43. The firm has a 50-day moving average price of $22.82 and a 200 day moving average price of $22.55. The firm has a market capitalization of $34.37 million, a price-to-earnings ratio of 26.42 and a beta of 0.76.

ZEGA Buy and Hedge ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a $0.5805 dividend. This represents a yield of 256.0%. The ex-dividend date of this dividend was Wednesday, December 24th.

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.