Soundwatch Hedged Equity ETF (BATS:SHDG) Sees Significant Growth in Short Interest

Soundwatch Hedged Equity ETF (BATS:SHDG) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 147 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average daily trading volume, of 11,195 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Soundwatch Hedged Equity ETF Price Performance

Shares of SHDG stock opened at $32.68 on Friday. The company has a market capitalization of $170.59 million, a P/E ratio of 25.08 and a beta of 0.76. The company’s 50-day simple moving average is $32.61 and its two-hundred day simple moving average is $32.29. Soundwatch Hedged Equity ETF has a one year low of $30.03 and a one year high of $33.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Soundwatch Hedged Equity ETF stock. Transcendent Capital Group LLC acquired 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 SEC. The firm acquired 6,200 shares of the company’s stock, valued at approximately $200,000. Transcendent Capital Group LLC owned 0.12% of Soundwatch Hedged Equity ETF as of its most recent SEC filing.

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.