Short Interest in Eagle Capital Select Equity ETF (NYSEARCA:EAGL) Decreases By 65.0%

Eagle Capital Select Equity ETF (NYSEARCA:EAGL) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totaling 106,683 shares, a decline of 65.0% from the March 31st total of 304,995 shares. Based on an average daily volume of 281,587 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EAGL. Ameritas Advisory Services LLC acquired a new position in shares of Eagle Capital Select Equity ETF during the third quarter valued at about $94,000. Susquehanna International Group LLP acquired a new position in shares of Eagle Capital Select Equity ETF during the third quarter valued at about $215,000. &PARTNERS acquired a new position in shares of Eagle Capital Select Equity ETF during the fourth quarter valued at about $219,000. HB Wealth Management LLC acquired a new position in shares of Eagle Capital Select Equity ETF during the third quarter valued at about $383,000. Finally, Bank of America Corp DE acquired a new position in shares of Eagle Capital Select Equity ETF during the second quarter valued at about $383,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Eagle Capital Select Equity ETF Stock Up 0.6%

EAGL traded up $0.20 during midday trading on Friday, hitting $32.73. The company had a trading volume of 214,741 shares, compared to its average volume of 365,831. Eagle Capital Select Equity ETF has a 52 week low of $26.98 and a 52 week high of $33.88. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 19.27 and a beta of 0.81. The stock’s 50 day moving average price is $31.35 and its 200 day moving average price is $31.91.

About Eagle Capital Select Equity ETF

The Eagle Capital Select Equity ETF (EAGL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in value stocks from around the globe, selected based on the advisers estimate of long-term intrinsic value. The ETF converted from a separately managed account. EAGL was launched on Mar 21, 2024 and is issued by Eagle.