ZEGA Buy and Hedge ETFZEGA Buy and Hedge ETFZEGA Buy and Hedge ETF

ZEGA Buy and Hedge ETF

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Key stats


Assets under management (AUM)
‪27.58 M‬USD
Fund flows (1Y)
‪−9.22 M‬USD
Dividend yield (indicated)
2.55%
Discount/Premium to NAV
0.1%
Shares outstanding
‪1.32 M‬
Expense ratio
1.00%

About ZEGA Buy and Hedge ETF


Issuer
Toroso Investments Topco LLC
Brand
ZEGA
Home page
Inception date
Jul 6, 2021
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Synthetic
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ZHDG deviates from a buy-and-hold approach by actively managing option positions to provide long equity exposure and hedge risk. A small portion of the portfolio, limited to 8-10% annually, is used to provide long US large-cap equity exposure via equity options, options on S&P 500 ETFs, or FLEX options. While a significant portion of the portfolio is invested in income-generating securities such as investment grade or high yield bonds, preferred stocks, or ETFs. The advisors investment committee uses proprietary quantitative models and third party data to determine market risks and options probabilities. Individual buy and sell decisions are based on a set of rules. There are no limitations regarding duration or credit risks. Options may be used hedge downside risk or generate additional income. The income generated is used to help reduce the costs of the long options. Note, taxation at the fund level will differ depending on the type of options used.

Classification


Asset Class
Asset allocation
Category
Asset allocation
Focus
Target outcome
Niche
Capital appreciation
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Rights & Warrants
Government
Bonds, Cash & Other100.00%
Rights & Warrants70.65%
Government28.49%
Mutual fund0.68%
Cash0.18%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to ZHDG via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ZHDG trades at 20.63 USD today, its price has fallen −0.94% in the past 24 hours. Track more dynamics on ZHDG price chart.
ZHDG net asset value is 20.61 today — it's risen 1.71% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ZHDG assets under management is ‪27.58 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ZHDG price has risen by 1.65% over the last month, and its yearly performance shows a 6.92% increase. See more dynamics on ZHDG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.71% over the last month, showed a 5.75% increase in three-month performance and has increased by 8.84% in a year.
ZHDG fund flows account for ‪−9.22 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ZHDG invests in bonds. See more details in our Analysis section.
ZHDG expense ratio is 1.00%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ZHDG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ZHDG technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ZHDG shows the strong buy signal. See more of ZHDG technicals for a more comprehensive analysis.
Yes, ZHDG pays dividends to its holders with the dividend yield of 2.55%.
ZHDG trades at a premium (0.13%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ZHDG shares are issued by Toroso Investments Topco LLC
ZHDG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 6, 2021.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.