AltShares Event-Driven ETF (NYSEARCA:EVNT – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,237 shares, an increase of 467.4% from the April 30th total of 218 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 3,901 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of AltShares Event-Driven ETF
An institutional investor recently bought a new position in AltShares Event-Driven ETF stock. Jane Street Group LLC bought a new stake in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,235 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned 5.93% of AltShares Event-Driven ETF as of its most recent filing with the Securities and Exchange Commission.
AltShares Event-Driven ETF Price Performance
Shares of NYSEARCA:EVNT remained flat at $11.94 during trading on Thursday. The stock had a trading volume of 2,016 shares, compared to its average volume of 5,716. The business’s 50 day moving average price is $11.82 and its 200 day moving average price is $11.77. The company has a market capitalization of $12.30 million, a price-to-earnings ratio of 18.53 and a beta of 0.32. AltShares Event-Driven ETF has a 1 year low of $10.35 and a 1 year high of $13.54.
AltShares Event-Driven ETF Company Profile
The AltShares Event-Driven ETF (EVNT) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively managed fund that provides long and short exposure to equity and debt securities of companies believed to be impacted by an announced or anticipated corporate event. EVNT was launched on Dec 31, 2014 and is managed by Altshares.
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