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

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDGGet Free Report) saw a significant 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 sold short. 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 Performance

Shares of ZEGA Buy and Hedge ETF stock traded up $0.07 on Tuesday, hitting $23.94. The stock had a trading volume of 3,172 shares, compared to its average volume of 6,820. The stock has a 50 day moving average of $23.64 and a 200 day moving average of $22.93. 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 twelve month low of $20.68 and a twelve month high of $24.49.

ZEGA Buy and Hedge ETF Company Profile

(Get Free Report)

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.

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