Eventide High Dividend ETF (NYSEARCA:ELCV) Stock Short Interest Falls 55.6%

Eventide High Dividend ETF (NYSEARCA:ELCV) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 25,318 shares, a drop of 55.6% from the September 30th total of 56,969 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 58,416 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Eventide High Dividend ETF

An institutional investor recently raised its position in Eventide High Dividend ETF stock. Farther Finance Advisors LLC increased its holdings in shares of Eventide High Dividend ETF (NYSEARCA:ELCV) by 14.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,139 shares of the company’s stock after purchasing an additional 879 shares during the period. Farther Finance Advisors LLC owned 0.07% of Eventide High Dividend ETF worth $216,000 as of its most recent SEC filing.

Eventide High Dividend ETF Stock Down 0.5%

ELCV traded down $0.15 during trading on Friday, hitting $31.79. 31,399 shares of the stock were exchanged, compared to its average volume of 51,274. The firm has a market capitalization of $321.08 million, a P/E ratio of 22.31 and a beta of 0.67. Eventide High Dividend ETF has a 1-year low of $25.96 and a 1-year high of $33.19. The stock has a fifty day moving average price of $31.17 and a two-hundred day moving average price of $30.64.

Eventide High Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.1177 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.5%. This is a drop from Eventide High Dividend ETF’s previous quarterly dividend of $0.3013. The ex-dividend date was Tuesday, September 29th.

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.