Eventide High Dividend ETF (NYSEARCA:ELCV) Sees Significant Decline in Short Interest

Eventide High Dividend ETF (NYSEARCA:ELCV) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 17,051 shares, a decrease of 52.9% from the April 15th total of 36,208 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 111,273 shares, the days-to-cover ratio is currently 0.2 days.

Eventide High Dividend ETF Price Performance

NYSEARCA ELCV traded down $0.46 on Friday, reaching $30.80. The stock had a trading volume of 236,438 shares, compared to its average volume of 49,783. The firm has a fifty day moving average of $29.69 and a two-hundred day moving average of $28.28. Eventide High Dividend ETF has a 1-year low of $24.18 and a 1-year high of $31.26. The company has a market cap of $206.36 million, a P/E ratio of 22.31 and a beta of 0.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new position in Eventide High Dividend ETF in the 1st quarter valued at $31,000. Betterment LLC acquired a new position in Eventide High Dividend ETF in the 3rd quarter valued at $303,000. AIFG Consultants Ltd. grew its holdings in Eventide High Dividend ETF by 14.7% in the 4th quarter. AIFG Consultants Ltd. now owns 30,181 shares of the company’s stock valued at $801,000 after buying an additional 3,872 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 valued at $965,000 after buying an additional 3,269 shares in the last quarter. Finally, 49 Wealth Management LLC grew its holdings in Eventide High Dividend ETF by 43.7% in the 3rd quarter. 49 Wealth Management LLC now owns 39,885 shares of the company’s stock valued at $1,067,000 after buying an additional 12,123 shares in the last quarter.

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.