AltShares Event-Driven ETF (NYSEARCA:EVNT – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 6,360 shares, an increase of 131.4% from the July 30th total of 2,748 shares. Based on an average daily volume of 2,056 shares, the short-interest ratio is presently 3.1 days. Currently, 0.6% of the shares of the company are short sold.
Hedge Funds Weigh In On AltShares Event-Driven ETF
A hedge fund 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 Stock Performance
Shares of NYSEARCA EVNT remained flat at $12.28 during midday trading on Friday. 2,179 shares of the stock were exchanged, compared to its average volume of 4,884. The firm has a market cap of $13.14 million, a P/E ratio of 18.53 and a beta of 0.31. The stock’s fifty day moving average price is $12.23 and its 200 day moving average price is $11.96. AltShares Event-Driven ETF has a 52 week low of $10.35 and a 52 week high of $13.00.
About AltShares Event-Driven ETF
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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