Zega Buy & Hedge ETF
ZHDG
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3801 PGA Boulevard, Suite 600 Palm Beach Gardens FL United States of America 33410
- IPO Date
- Jul 7, 2021
- CIK
- 0001742912
- Website
- zegaetfs.com
- Similar Companies
- Business
- ZEGA Buy and Hedge ETF (NYSE Arca: ZHDG) is an actively managed exchange-traded fund that seeks long-term capital appreciation through exposure to the U.S. large capitalization equity market, principally via S&P 500 index options including purchased put options for downside protection and call options for upside participation, while pairing these derivatives with fixed income securities, Treasury bills, government obligations funds, preferred shares, or other yield-producing assets to generate income for options funding; the strategy targets limiting equity losses to 8-10% in any 12-month period and fixed income losses to approximately 10% through protective puts. ZHDG trades on the NYSE Arca exchange with a net expense ratio of 0.95%, distributed by Foreside Fund Services, LLC, and structured through Tidal ETF Services as launch partner. The ETF serves investors seeking risk-adjusted equity returns in volatile markets, with operations focused on the United States. Launched on July 6, 2021, ZHDG is managed under Tidal Trust I with ZEGA Financial, LLC serving as sub-adviser; ZEGA Financial, an SEC-registered investment adviser founded in 2011 and headquartered in Palm Beach Gardens, Florida, specializes in derivatives-based hedging strategies derived from its proprietary Buy and Hedge approach. In a significant recent development, Tidal Financial Group acquired ZEGA Financial's options trading business in January 2025, effectively doubling Tidal's trading team and enhancing capabilities for derivatives-based ETFs like ZHDG; the deal integrates ZEGA's expertise under Tidal's platform, with ZEGA co-founder Jay Pestrichelli joining as Chief Trading Officer at Tidal to drive innovation in ETF execution and complex strategies. This acquisition supports Tidal's management of over 180 ETFs with $29 billion in assets and bolsters ZHDG's operational infrastructure amid growing demand for hedged equity products. No major new product launches, funding rounds, or reorganizations for ZHDG itself have been reported in the past 1-2 years beyond this strategic trading enhancement.