Swan Hedged Equity US Large Cap ETF (BATS:HEGD) Stock Falls 0.5% – Time to Sell?

Swan Hedged Equity US Large Cap ETF (BATS:HEGD) dropped 0.5% during mid-day trading on Friday. The company traded as low as $26.75 and last traded at $26.75. 40,726 shares traded hands during trading, a decline of 58% from the average daily volume of 96,463 shares. The stock had previously closed at $26.88.

Swan Hedged Equity US Large Cap ETF Stock Performance

The firm has a market cap of $485.78 million, a P/E ratio of 25.32 and a beta of 0.55. The firm’s fifty day moving average is $27.01 and its 200 day moving average is $26.66.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Swan Hedged Equity US Large Cap ETF stock. EverSource Wealth Advisors LLC raised its position in shares of Swan Hedged Equity US Large Cap ETF (BATS:HEGD) by 28.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,446 shares of the company’s stock after acquiring an additional 4,119 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.10% of Swan Hedged Equity US Large Cap ETF worth $456,000 at the end of the most recent quarter.

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.