Swan Hedged Equity US Large Cap ETF (BATS:HEGD) Shares Up 7% – Here’s What Happened

Swan Hedged Equity US Large Cap ETF (BATS:HEGD)’s stock price shot up 7% during mid-day trading on Monday . The company traded as high as $22.77 and last traded at $24.14. 44,631 shares were traded during trading, a decline of 44% from the average session volume of 80,031 shares. The stock had previously closed at $22.57.

Swan Hedged Equity US Large Cap ETF Trading Up 7.0%

The stock has a market cap of $438.38 million, a PE ratio of 25.32 and a beta of 0.55. The business has a 50-day moving average price of $23.59 and a 200-day moving average price of $22.77.

Institutional Trading of Swan Hedged Equity US Large Cap ETF

Several hedge funds and other institutional investors have recently modified their holdings of HEGD. Baird Financial Group Inc. lifted its position in shares of Swan Hedged Equity US Large Cap ETF by 60.5% in the second quarter. Baird Financial Group Inc. now owns 73,253 shares of the company’s stock worth $1,721,000 after buying an additional 27,617 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Swan Hedged Equity US Large Cap ETF by 27.3% in the second quarter. EverSource Wealth Advisors LLC now owns 7,866 shares of the company’s stock worth $185,000 after buying an additional 1,689 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Swan Hedged Equity US Large Cap ETF in the second quarter worth about $1,478,000. Vantage Financial Partners LLC lifted its position in shares of Swan Hedged Equity US Large Cap ETF by 4.2% in the first quarter. Vantage Financial Partners LLC now owns 399,357 shares of the company’s stock worth $8,746,000 after buying an additional 16,029 shares during the last quarter. Finally, Park Square Financial Group LLC acquired a new stake in shares of Swan Hedged Equity US Large Cap ETF in the fourth quarter worth about $201,000.

About Swan Hedged Equity US Large Cap ETF

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.