ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Shares Up 0.1% – Time to Buy?

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDGGet Free Report) shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $20.77 and last traded at $20.77. 2,156 shares were traded during mid-day trading, a decline of 82% from the average session volume of 11,758 shares. The stock had previously closed at $20.75.

ZEGA Buy and Hedge ETF Trading Up 0.1 %

The stock’s 50-day simple moving average is $20.14 and its 200-day simple moving average is $19.43. The stock has a market cap of $40.50 million, a price-to-earnings ratio of 22.65 and a beta of 0.57.

About ZEGA Buy and Hedge ETF

(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.

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