SWP Growth & Income ETF (NASDAQ:SWP) Sees Large Decline in Short Interest

SWP Growth & Income ETF (NASDAQ:SWP) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,718 shares, a drop of 47.2% from the August 31st total of 10,833 shares. Based on an average trading volume of 7,319 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its position in SWP Growth & Income ETF stock. Brian Low Financial Group LLC increased its position in shares of SWP Growth & Income ETF (NASDAQ:SWP) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 708,588 shares of the company’s stock after purchasing an additional 50,916 shares during the period. SWP Growth & Income ETF accounts for about 12.8% of Brian Low Financial Group LLC’s investment portfolio, making the stock its largest holding. Brian Low Financial Group LLC owned 13.81% of SWP Growth & Income ETF worth $18,849,000 at the end of the most recent reporting period.

SWP Growth & Income ETF Stock Performance

NASDAQ SWP remained flat at $27.18 on Wednesday. 3,206 shares of the company’s stock traded hands, compared to its average volume of 11,168. The firm’s 50 day simple moving average is $28.49 and its 200-day simple moving average is $28.27. The stock has a market cap of $142.97 million, a PE ratio of 26.16 and a beta of 0.86. SWP Growth & Income ETF has a 1 year low of $25.73 and a 1 year high of $29.87.

SWP Growth & Income ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.5713 per share. This is a drop from SWP Growth & Income ETF’s previous quarterly dividend of $0.6160. The ex-dividend date is Tuesday, September 29th. This represents a $2.29 dividend on an annualized basis and a yield of 8.4%.

About SWP Growth & Income ETF

The SWP Growth & Income ETF (SWP) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects income-producing companies in the US that exhibit quality characteristics. It selects securities of any capitalization but significantly focuses on the large-cap spectrum. SWP was launched on Sep 25, 2024 and is issued by SWP.