Sterling Capital Enhanced Bond ETF (BATS:SCEC – Get Free Report) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 57,144 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 70,382 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Montgomery Financial Services LLC bought a new position in shares of Sterling Capital Enhanced Bond ETF during the 2nd quarter worth $25,315,000. CWA Asset Management Group LLC increased its holdings in Sterling Capital Enhanced Bond ETF by 4.7% in the 3rd quarter. CWA Asset Management Group LLC now owns 2,491,696 shares of the company’s stock worth $59,178,000 after acquiring an additional 110,892 shares during the last quarter. LifePlan Investment Advisors Inc. increased its holdings in Sterling Capital Enhanced Bond ETF by 6.8% in the 2nd quarter. LifePlan Investment Advisors Inc. now owns 9,369 shares of the company’s stock worth $235,000 after acquiring an additional 593 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Sterling Capital Enhanced Bond ETF by 9.4% in the 1st quarter. Cetera Investment Advisers now owns 10,087 shares of the company’s stock valued at $253,000 after acquiring an additional 867 shares during the period.
Sterling Capital Enhanced Bond ETF Price Performance
SCEC traded down $0.04 during trading on Friday, hitting $23.76. 101,511 shares of the company traded hands, compared to its average volume of 138,212. The stock’s fifty day moving average is $23.98 and its 200 day moving average is $24.73. Sterling Capital Enhanced Bond ETF has a one year low of $23.57 and a one year high of $25.68.
Sterling Capital Enhanced Bond ETF Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Monday, November 2nd were given a $0.1004 dividend. This is a negative change from Sterling Capital Enhanced Bond ETF’s previous monthly dividend of $0.1048. This represents a $1.20 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Monday, November 2nd.
About Sterling Capital Enhanced Bond ETF
The Sterling Capital Enhanced Core Bond ETF (SCEC) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, focusing on a diversified fixed income portfolio, which includes investment-grade and high-yield, USD-denominated bonds. The fund aims for a high level of current income and a competitive total return. SCEC was launched on Mar 14, 2025 and is issued by Sterling Capital.
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