Swan Enhanced Dividend Income ETF (BATS:SCLZ) Sees Large Increase in Short Interest

Swan Enhanced Dividend Income ETF (BATS:SCLZ) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,473 shares, an increase of 63.5% from the September 30th total of 1,513 shares. Based on an average daily volume of 1,020 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.0% of the company’s shares are short sold.

Swan Enhanced Dividend Income ETF Price Performance

Swan Enhanced Dividend Income ETF stock opened at $54.99 on Tuesday. The stock has a market cap of $19.25 million, a price-to-earnings ratio of 25.24 and a beta of 0.61. The firm has a 50-day moving average of $56.66 and a two-hundred day moving average of $55.31. Swan Enhanced Dividend Income ETF has a 1 year low of $50.41 and a 1 year high of $57.72.

Swan Enhanced Dividend Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Thursday, October 22nd were paid a dividend of $0.4036 per share. This is a drop from Swan Enhanced Dividend Income ETF’s previous monthly dividend of $0.4080. This represents a $4.84 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend was Thursday, October 22nd.

Swan Enhanced Dividend Income ETF Company Profile

The Swan Enhanced Dividend Income ETF (SCLZ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, aiming for total return by investing in dividend-paying large- and mid-cap US stocks while enhancing returns through a covered call-writing options strategy. SCLZ was launched on Feb 26, 2024 and is issued by Swan.