On July 1, an investor holds 40,000shares of a XX stock. The stock price is $ 30 per share. The investor in interested in hedging against movements in the markets over the next month and decides to use the September Min S&P 500 futures contract. The index futures price is 1,500 and contract multiplier is $50 times the index. The beta of stock is 1.4. What strategy should the investor follow?