Eventide High Dividend ETF (NYSEARCA:ELCV) Sees Large Increase in Short Interest

Eventide High Dividend ETF (NYSEARCA:ELCV) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 73,940 shares, a growth of 52.2% from the July 15th total of 48,594 shares. Based on an average daily volume of 52,395 shares, the short-interest ratio is presently 1.4 days. Approximately 0.9% of the shares of the company are short sold.

Hedge Funds Weigh In On Eventide High Dividend ETF

Hedge funds have recently made changes to their positions in the business. Bare Financial Services Inc raised its stake in 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Eventide High Dividend ETF by 66.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 60,993 shares of the company’s stock worth $1,769,000 after purchasing an additional 24,443 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of 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 worth $14,930,000 after purchasing an additional 23,699 shares in the last quarter. Betterment LLC acquired a new stake in shares of Eventide High Dividend ETF during the 3rd quarter worth about $303,000. Finally, AIFG Consultants Ltd. lifted 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 valued at $801,000 after purchasing an additional 3,872 shares during the last quarter.

Eventide High Dividend ETF Trading Down 0.2%

ELCV traded down $0.05 during midday trading on Tuesday, reaching $32.43. The company’s stock had a trading volume of 12,862 shares, compared to its average volume of 46,665. The stock has a market cap of $259.44 million, a P/E ratio of 22.31 and a beta of 0.66. The company has a fifty day simple moving average of $32.05 and a 200 day simple moving average of $30.64. Eventide High Dividend ETF has a twelve month low of $25.81 and a twelve month high of $33.19.

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.