Swan Hedged Equity US Large Cap ETF

HEGD's 1.8% decline today likely reflects broader market weakness affecting its underlying large-cap equity holdings, possibly amplified by the fund's hedging strategy which can create drag during certain market conditions. As an ETF combining long equity exposure with tail-risk protection through put options, HEGD tends to underperform during moderate market selloffs when the cost of hedging offsets some downside protection benefits. Without specific headlines, the move probably stems from macro pressures like interest rate concerns or profit-taking in large-cap stocks that comprise the fund's core holdings.