Eventide High Dividend ETF (NYSEARCA:ELCV – Get Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 17,051 shares, a drop of 52.9% from the April 15th total of 36,208 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 111,273 shares, the days-to-cover ratio is currently 0.2 days.
Eventide High Dividend ETF Trading Down 1.5%
Shares of Eventide High Dividend ETF stock traded down $0.46 during mid-day trading on Friday, reaching $30.80. 236,438 shares of the stock were exchanged, compared to its average volume of 49,783. The company has a market cap of $206.36 million, a price-to-earnings ratio of 22.31 and a beta of 0.70. Eventide High Dividend ETF has a fifty-two week low of $24.18 and a fifty-two week high of $31.26. The firm has a 50-day simple moving average of $29.72 and a 200 day simple moving average of $28.30.
Institutional Investors Weigh In On Eventide High Dividend ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELCV. AdvisorNet Financial Inc acquired a new stake in Eventide High Dividend ETF in the 1st quarter valued at about $31,000. Betterment LLC acquired a new stake in Eventide High Dividend ETF in the 3rd quarter valued at about $303,000. AIFG Consultants Ltd. increased its position in Eventide High Dividend ETF by 14.7% in the 4th quarter. AIFG Consultants Ltd. now owns 30,181 shares of the company’s stock valued at $801,000 after acquiring an additional 3,872 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Eventide High Dividend ETF by 10.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 36,067 shares of the company’s stock valued at $965,000 after acquiring an additional 3,269 shares in the last quarter. Finally, 49 Wealth Management LLC increased its position in 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 acquiring an additional 12,123 shares in the last quarter.
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.
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