Eventide High Dividend ETF (NYSEARCA:ELCV – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 128,633 shares, an increase of 457.9% from the May 31st total of 23,056 shares. Based on an average daily trading volume, of 39,170 shares, the short-interest ratio is currently 3.3 days. Approximately 1.9% of the shares of the stock are short sold.
Eventide High Dividend ETF Stock Down 1.2%
NYSEARCA ELCV traded down $0.40 during trading on Friday, hitting $32.69. 153,666 shares of the stock traded hands, compared to its average volume of 48,444. Eventide High Dividend ETF has a 12-month low of $25.20 and a 12-month high of $33.19. The firm has a 50-day simple moving average of $31.40 and a 200-day simple moving average of $29.41. The company has a market capitalization of $219.02 million, a P/E ratio of 22.31 and a beta of 0.67.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Bare Financial Services Inc purchased a new stake in Eventide High Dividend ETF during the third quarter valued at $9,224,000. Creative Financial Designs Inc. ADV grew its stake in shares of Eventide High Dividend ETF by 5.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 538,856 shares of the company’s stock worth $14,411,000 after buying an additional 28,251 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 worth $965,000 after buying an additional 3,269 shares in the last quarter. Betterment LLC bought a new stake in shares of Eventide High Dividend ETF in the 3rd quarter worth about $303,000. Finally, AdvisorNet Financial Inc bought a new stake in shares of Eventide High Dividend ETF in the 1st quarter worth about $31,000.
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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