ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Stock Price Down 1.1%

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG – Get Rating)’s share price traded down 1.1% during mid-day trading on Wednesday . The stock traded as low as $16.38 and last traded at $16.40. 44,139 shares changed hands during trading, an increase of 217% from the average session volume of 13,930 shares. The stock had previously closed at $16.58.

ZEGA Buy and Hedge ETF Trading Up 0.8 %

The firm’s fifty day simple moving average is $16.40 and its 200-day simple moving average is $16.48.

Institutional Trading of ZEGA Buy and Hedge ETF

Several hedge funds have recently modified their holdings of ZHDG. OLD Mission Capital LLC bought a new stake in shares of ZEGA Buy and Hedge ETF in the 4th quarter valued at $80,000. JPMorgan Chase & Co. bought a new stake in shares of ZEGA Buy and Hedge ETF in the 2nd quarter valued at $81,000. Coppell Advisory Solutions Corp. bought a new stake in ZEGA Buy and Hedge ETF during the 4th quarter valued at $1,482,000. Finally, Mach 1 Financial Group LLC bought a new stake in ZEGA Buy and Hedge ETF during the 3rd quarter valued at $15,046,000.

About ZEGA Buy and Hedge ETF

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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.