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

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) dropped 0.1% during trading on Thursday . The stock traded as low as $18.80 and last traded at $18.80. Approximately 834 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 7,927 shares. The stock had previously closed at $18.82.

ZEGA Buy and Hedge ETF Stock Performance

The firm has a market cap of $25.94 million, a PE ratio of 25.16 and a beta of 0.77. The stock has a 50-day simple moving average of $19.69 and a two-hundred day simple moving average of $20.41.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ZEGA Buy and Hedge ETF stock. Coppell Advisory Solutions LLC raised its position in shares of ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) by 18.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,909 shares of the company’s stock after purchasing an additional 19,212 shares during the quarter. Coppell Advisory Solutions LLC owned 6.30% of ZEGA Buy and Hedge ETF worth $2,504,000 as of its most recent SEC filing.

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.