ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Shares Up 0.1% – What’s Next?

Shares of ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) shot up 0.1% during mid-day trading on Thursday . The stock traded as high as $20.81 and last traded at $20.76. 60,043 shares were traded during trading, an increase of 459% from the average session volume of 10,743 shares. The stock had previously closed at $20.74.

ZEGA Buy and Hedge ETF Stock Up 0.1 %

The business has a fifty day moving average price of $21.02 and a 200-day moving average price of $20.23. The company has a market cap of $40.48 million, a P/E ratio of 22.65 and a beta of 0.57.

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.