ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Trading 0.1% Higher – Still a Buy?

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDGGet Free Report) shares 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 mid-day 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 Trading Down 1.0 %

The company has a market cap of $40.09 million, a price-to-earnings ratio of 22.65 and a beta of 0.57. The firm’s 50-day moving average price is $21.02 and its 200 day moving average price is $20.24.

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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