Swan Hedged Equity US Large Cap ETF (BATS:HEGD) Sees Large Growth in Short Interest

Swan Hedged Equity US Large Cap ETF (BATS:HEGD) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 152,276 shares, an increase of 66.4% from the July 15th total of 91,514 shares. Based on an average daily volume of 74,947 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.8% of the company’s stock are sold short.

Swan Hedged Equity US Large Cap ETF Stock Down 0.2%

HEGD stock opened at $27.28 on Tuesday. The stock’s 50 day moving average is $26.74 and its two-hundred day moving average is $26.04. Swan Hedged Equity US Large Cap ETF has a 52-week low of $23.84 and a 52-week high of $27.47. The company has a market capitalization of $495.40 million, a PE ratio of 25.32 and a beta of 0.55.

Institutional Trading of Swan Hedged Equity US Large Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in Swan Hedged Equity US Large Cap ETF by 27.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,866 shares of the company’s stock valued at $185,000 after acquiring an additional 1,689 shares during the last quarter. Mosaic Family Wealth Partners LLC bought a new stake in shares of Swan Hedged Equity US Large Cap ETF in the 4th quarter worth about $230,000. Integrated Wealth Concepts LLC increased its position in shares of Swan Hedged Equity US Large Cap ETF by 6.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,233 shares of the company’s stock worth $355,000 after purchasing an additional 889 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Swan Hedged Equity US Large Cap ETF in the 2nd quarter valued at about $1,478,000. Finally, Baird Financial Group Inc. raised its stake in shares of Swan Hedged Equity US Large Cap ETF by 60.5% in the 2nd quarter. Baird Financial Group Inc. now owns 73,253 shares of the company’s stock valued at $1,721,000 after purchasing an additional 27,617 shares in the last quarter.

Swan Hedged Equity US Large Cap ETF Company Profile

The Swan Hedged Equity US Large Cap ETF (HEGD) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides hedged exposure to US large-cap companies using ETFs and options. HEGD was launched on Dec 22, 2020 and is managed by Swan.