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

ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG – Get Rating) dropped 1.1% on Wednesday . The stock traded as low as $16.38 and last traded at $16.40. Approximately 44,139 shares traded hands during trading, an increase of 217% from the average daily volume of 13,930 shares. The stock had previously closed at $16.58.

ZEGA Buy and Hedge ETF Stock Performance

The firm has a 50 day simple moving average of $16.39 and a two-hundred day simple moving average of $16.48.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ZHDG. Mach 1 Financial Group LLC bought a new position in ZEGA Buy and Hedge ETF during the 3rd quarter worth $15,046,000. OLD Mission Capital LLC acquired a new stake in ZEGA Buy and Hedge ETF during the 4th quarter worth about $80,000. Coppell Advisory Solutions Corp. acquired a new stake in ZEGA Buy and Hedge ETF during the 4th quarter worth about $1,482,000. Finally, JPMorgan Chase & Co. acquired a new stake in ZEGA Buy and Hedge ETF during the 2nd quarter worth about $81,000.

ZEGA Buy and Hedge ETF Company Profile

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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.