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

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG)’s share price shot up 0.1% on Tuesday . The stock traded as high as $20.77 and last traded at $20.77. 2,156 shares changed hands during 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 Stock Performance

The company has a market capitalization of $40.50 million, a P/E ratio of 22.65 and a beta of 0.57. The stock’s fifty day moving average price is $20.14 and its 200-day moving average price is $19.43.

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.