Eventide High Dividend ETF (NYSEARCA:ELCV) Short Interest Down 31.0% in December

Eventide High Dividend ETF (NYSEARCA:ELCV) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 10,774 shares, a drop of 31.0% from the December 15th total of 15,625 shares. Based on an average trading volume of 26,888 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 26,888 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its holdings in Eventide High Dividend ETF by 3,276.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 510,605 shares of the company’s stock valued at $12,971,000 after purchasing an additional 495,481 shares during the period. Bare Financial Services Inc bought a new position in shares of Eventide High Dividend ETF during the third quarter worth $9,224,000. AIFG Consultants Ltd. acquired a new position in shares of Eventide High Dividend ETF in the 2nd quarter valued at $750,000. 49 Wealth Management LLC increased its position in shares of Eventide High Dividend ETF by 43.7% in the 3rd quarter. 49 Wealth Management LLC now owns 39,885 shares of the company’s stock valued at $1,067,000 after buying an additional 12,123 shares in the last quarter. Finally, Betterment LLC acquired a new stake in Eventide High Dividend ETF during the 3rd quarter worth $303,000.

Eventide High Dividend ETF Price Performance

Shares of ELCV stock traded up $0.11 during trading hours on Friday, reaching $27.84. The company had a trading volume of 32,821 shares, compared to its average volume of 44,484. The company has a 50 day moving average of $26.85 and a 200 day moving average of $26.48. The firm has a market cap of $158.69 million, a price-to-earnings ratio of 22.31 and a beta of 1.11. Eventide High Dividend ETF has a 1-year low of $21.68 and a 1-year high of $27.85.

Eventide High Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th were given a dividend of $0.1839 per share. This represents a $0.74 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, December 29th. This is an increase from Eventide High Dividend ETF’s previous quarterly dividend of $0.12.

About Eventide High Dividend ETF

The Eventide High Dividend ETF (ELCV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed portfolio of dividend-paying US stocks, selected through fundamental research and values-based principles. The fund seeks income, income growth, and long-term capital appreciation. ELCV was launched on Sep 30, 2024 and is issued by Eventide.