Short Interest in Eventide High Dividend ETF (NYSEARCA:ELCV) Grows By 39.3%

Eventide High Dividend ETF (NYSEARCA:ELCV) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 22,642 shares, a growth of 39.3% from the January 15th total of 16,258 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 27,614 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 27,614 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Eventide High Dividend ETF

Several institutional investors have recently made changes to their positions in the company. Betterment LLC bought a new stake in shares of Eventide High Dividend ETF in the third quarter valued at about $303,000. 49 Wealth Management LLC grew its holdings in Eventide High Dividend ETF by 6.9% during the 2nd quarter. 49 Wealth Management LLC now owns 27,762 shares of the company’s stock worth $705,000 after acquiring an additional 1,797 shares in the last quarter. AIFG Consultants Ltd. increased its position 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 period. EverSource Wealth Advisors LLC raised its holdings in shares of Eventide High Dividend ETF by 1.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 32,798 shares of the company’s stock valued at $833,000 after purchasing an additional 408 shares in the last quarter. Finally, Bare Financial Services Inc bought a new stake in shares of Eventide High Dividend ETF in the 3rd quarter valued at about $9,224,000.

Eventide High Dividend ETF Trading Up 1.1%

Shares of Eventide High Dividend ETF stock traded up $0.31 on Friday, hitting $29.44. 11,298 shares of the company traded hands, compared to its average volume of 39,740. The company has a market cap of $167.81 million, a PE ratio of 22.31 and a beta of 1.11. The stock’s 50 day moving average price is $27.54 and its 200-day moving average price is $26.85. Eventide High Dividend ETF has a 52 week low of $21.68 and a 52 week high of $29.63.

Eventide High Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were given a dividend of $0.1839 per share. This is a boost from Eventide High Dividend ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.74 dividend on an annualized basis and a yield of 2.5%.

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.