AltShares Event-Driven ETF (NYSEARCA:EVNT – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,219 shares, an increase of 79.4% from the May 14th total of 1,237 shares. Based on an average daily volume of 3,652 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are short sold.
AltShares Event-Driven ETF Trading Down 0.7%
Shares of AltShares Event-Driven ETF stock traded down $0.08 during trading on Monday, hitting $11.95. 1,272 shares of the stock traded hands, compared to its average volume of 5,725. The firm has a market cap of $12.31 million, a P/E ratio of 18.53 and a beta of 0.32. AltShares Event-Driven ETF has a 52-week low of $10.35 and a 52-week high of $13.54. The stock’s fifty day simple moving average is $11.88 and its 200 day simple moving average is $11.77.
Institutional Investors Weigh In On AltShares Event-Driven ETF
An institutional investor recently bought a new position in AltShares Event-Driven ETF stock. Jane Street Group LLC purchased a new stake in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,235 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned approximately 5.93% of AltShares Event-Driven ETF at the end of the most recent quarter.
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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