ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Trading Up 0.7% – What’s Next?

Shares of ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) were up 0.7% on Monday . The company traded as high as $20.72 and last traded at $20.72. 108 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 3,362 shares. The stock had previously closed at $20.58.

ZEGA Buy and Hedge ETF Stock Performance

The company has a 50-day moving average price of $20.76 and a 200-day moving average price of $20.45. The firm has a market capitalization of $40.40 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.