Short Interest in Soundwatch Hedged Equity ETF (BATS:SHDG) Increases By 517.7%

Soundwatch Hedged Equity ETF (BATS:SHDG) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 908 shares, a growth of 517.7% from the June 30th total of 147 shares. Based on an average trading volume of 4,096 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Soundwatch Hedged Equity ETF Stock Up 0.1%

Shares of SHDG stock opened at $32.51 on Friday. The firm has a market capitalization of $169.70 million, a P/E ratio of 25.08 and a beta of 0.76. Soundwatch Hedged Equity ETF has a twelve month low of $30.03 and a twelve month high of $33.00. The stock’s fifty day simple moving average is $32.64 and its 200 day simple moving average is $32.30.

Institutional Trading of Soundwatch Hedged Equity ETF

A hedge fund recently bought a new stake in Soundwatch Hedged Equity ETF stock. Transcendent Capital Group LLC purchased a new position in shares of Soundwatch Hedged Equity ETF (BATS:SHDG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,200 shares of the company’s stock, valued at approximately $200,000. Transcendent Capital Group LLC owned about 0.12% of Soundwatch Hedged Equity ETF at the end of the most recent quarter.

About Soundwatch Hedged Equity ETF

The Soundwatch Hedged Equity ETF (SHDG) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund is an actively managed fund which seeks to hedge downside US equity market risk and seeks to provide long-term capital appreciation. The fund combines equity exposure with several strategies using derivatives to hedge or generate income. SHDG was launched on Oct 24, 2022 and is managed by SoundWatch Capital.