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The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of equity securities and investments that have economic characteristics similar to equity securities. These equity securities and investments may include U.S. exchange-listed common stocks, equity index futures, and/or exchange-traded funds ("ETFs") that track U.S. large capitalization ("large cap") indices, such as the S&P 500 Index. For purposes of this 80% investment policy, the Adviser will consider the underlying holdings of any ETFs in which the Fund invests. The Fund's investments in derivatives that have economic characteristics similar to equity securities will be valued at mark-to-market for purposes of the 80% policy. On the portfolio, the Fund systematically writes (sells) equity index and/or ETF call options, covered calls, and option spreads to generate additional income. A portion of this income is used to systematically purchase a series of protective equity index and/or ETF put options or put spreads to reduce the negative impact of stock market declines on long-term performance. The Fund's strategy is an "equity strategy," which aims to provide better risk-adjusted returns across market cycles compared to an investment in the benchmark index.
Soundwatch Hedged Equity ETF trades on the BATS stock market under the symbol SHDG.
As of June 26, 2026, SHDG stock price declined to $32.64 with 12,324 million shares trading.
SHDG has a market cap of $163.95 million. This is considered a Micro Cap stock.
In the last 3 years, SHDG traded as high as $32.91 and as low as $22.47.
SHDG has underperformed the market in the last year with a return of +10.4%, while the SPY ETF gained +20.4%. In the last 3 month period, SHDG fell short of the market, returning +5.5%, while SPY returned +13.3%. However, in the most recent 2 weeks SHDG has outperformed the stock market by returning +0.1%, while SPY returned -1.5%.
SHDG support price is $32.56 and resistance is $32.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SHDG shares will trade within this expected range on the day.
