Swan Enhanced Dividend Income ETF (BATS:SCLZ) Stock Short Interest Rises 110.9%

Swan Enhanced Dividend Income ETF (BATS:SCLZ) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 2,037 shares, an increase of 110.9% from the August 31st total of 966 shares. Based on an average daily trading volume, of 798 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.8% of the shares of the company are sold short.

Swan Enhanced Dividend Income ETF Price Performance

SCLZ stock opened at $56.76 on Tuesday. Swan Enhanced Dividend Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $57.54. The stock has a market capitalization of $14.19 million, a price-to-earnings ratio of 24.61 and a beta of 0.58. The business’s fifty day moving average price is $56.36 and its two-hundred day moving average price is $55.39.

Swan Enhanced Dividend Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Thursday, September 24th will be issued a $0.4080 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $4.90 dividend on an annualized basis and a yield of 8.6%. This is an increase from Swan Enhanced Dividend Income ETF’s previous monthly dividend of $0.4034.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Swan Enhanced Dividend Income ETF stock. Swan Global Investments LLC lifted its holdings in shares of Swan Enhanced Dividend Income ETF (BATS:SCLZ) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,191 shares of the company’s stock after purchasing an additional 1,600 shares during the quarter. Swan Enhanced Dividend Income ETF accounts for 0.0% of Swan Global Investments LLC’s holdings, making the stock its 27th largest position. Swan Global Investments LLC owned 8.40% of Swan Enhanced Dividend Income ETF worth $1,379,000 as of its most recent SEC filing.

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.