Eventide High Dividend ETF (NYSEARCA:ELCV – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 73,940 shares, an increase of 52.2% from the July 15th total of 48,594 shares. Based on an average daily volume of 52,395 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.9% of the shares of the company are sold short.
Eventide High Dividend ETF Price Performance
NYSEARCA ELCV opened at $32.03 on Thursday. Eventide High Dividend ETF has a 52-week low of $25.88 and a 52-week high of $33.19. The firm has a market capitalization of $256.24 million, a price-to-earnings ratio of 22.31 and a beta of 0.66. The company’s fifty day moving average is $32.08 and its two-hundred day moving average is $30.69.
Institutional Investors Weigh In On Eventide High Dividend ETF
Hedge funds have recently added to or reduced their stakes in the stock. Bare Financial Services Inc increased its position in shares of Eventide High Dividend ETF by 20.2% during the fourth quarter. Bare Financial Services Inc now owns 414,551 shares of the company’s stock worth $11,002,000 after acquiring an additional 69,623 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Eventide High Dividend ETF by 66.9% in the first quarter. EverSource Wealth Advisors LLC now owns 60,993 shares of the company’s stock valued at $1,769,000 after purchasing an additional 24,443 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Eventide High Dividend ETF by 4.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 562,555 shares of the company’s stock valued at $14,930,000 after purchasing an additional 23,699 shares in the last quarter. Betterment LLC acquired a new stake in Eventide High Dividend ETF during the 3rd quarter valued at approximately $303,000. Finally, AIFG Consultants Ltd. increased its holdings in Eventide High Dividend ETF by 14.7% during the 4th quarter. AIFG Consultants Ltd. now owns 30,181 shares of the company’s stock worth $801,000 after purchasing an additional 3,872 shares during the last quarter.
Eventide High Dividend ETF Company Profile
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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