ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Trading 0.6% Higher – Here’s Why

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG)’s stock price was up 0.6% during mid-day trading on Friday . The stock traded as high as $20.61 and last traded at $20.43. Approximately 2,434 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 3,712 shares. The stock had previously closed at $20.31.

ZEGA Buy and Hedge ETF Stock Performance

The stock has a 50-day moving average of $20.90 and a two-hundred day moving average of $20.34. The company has a market cap of $39.84 million, a P/E ratio of 22.65 and a beta of 0.57.

ZEGA Buy and Hedge ETF Company Profile

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.