Kovitz Core Equity ETF (NYSEARCA:EQTY) Sees Significant Decline in Short Interest

Kovitz Core Equity ETF (NYSEARCA:EQTY) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 1,904 shares, a decrease of 72.6% from the July 30th total of 6,960 shares. Based on an average trading volume of 15,793 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Kovitz Core Equity ETF

A hedge fund recently bought a new position in Kovitz Core Equity ETF stock. Basepoint Wealth LLC bought a new position in shares of Kovitz Core Equity ETF (NYSEARCA:EQTY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,542 shares of the company’s stock, valued at approximately $69,000.

Kovitz Core Equity ETF Stock Performance

Shares of NYSEARCA EQTY traded up $0.03 during midday trading on Thursday, reaching $29.92. 13,964 shares of the company traded hands, compared to its average volume of 31,814. The firm has a market cap of $1.47 billion, a PE ratio of 27.78 and a beta of 0.93. The stock’s 50-day simple moving average is $28.83 and its 200-day simple moving average is $27.62. Kovitz Core Equity ETF has a 12 month low of $24.74 and a 12 month high of $30.06.

About Kovitz Core Equity ETF

The Kovitz Core Equity ETF (EQTY) is an exchange-traded fund that mostly invests in total market equity. The fund is a narrow, core equity portfolio of companies believed by the adviser to be high quality and undervalued. The actively managed fund invests in large- and mid-cap companies around the globe. EQTY was launched on Dec 28, 2011 and is managed by Kovitz.