Eagle Capital Select Equity ETF (NYSEARCA:EAGL) Sees Large Growth in Short Interest

Eagle Capital Select Equity ETF (NYSEARCA:EAGL) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 169,770 shares, an increase of 26.6% from the February 26th total of 134,108 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 395,352 shares, the days-to-cover ratio is currently 0.4 days.

Eagle Capital Select Equity ETF Stock Up 3.0%

NYSEARCA EAGL opened at $30.42 on Wednesday. Eagle Capital Select Equity ETF has a 52 week low of $24.58 and a 52 week high of $33.88. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 19.27 and a beta of 0.77. The company has a fifty day moving average of $31.62 and a two-hundred day moving average of $31.86.

Hedge Funds Weigh In On Eagle Capital Select Equity ETF

A number of large investors have recently made changes to their positions in EAGL. Ameritas Advisory Services LLC purchased a new stake in Eagle Capital Select Equity ETF in the 3rd quarter worth about $94,000. Susquehanna International Group LLP purchased a new position in shares of Eagle Capital Select Equity ETF during the third quarter valued at approximately $215,000. &PARTNERS purchased a new position in shares of Eagle Capital Select Equity ETF during the fourth quarter valued at approximately $219,000. HB Wealth Management LLC bought a new position in shares of Eagle Capital Select Equity ETF during the third quarter valued at approximately $383,000. Finally, Bank of America Corp DE purchased a new stake in shares of Eagle Capital Select Equity ETF in the second quarter worth approximately $383,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

About Eagle Capital Select Equity ETF

The Eagle Capital Select Equity ETF (EAGL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in value stocks from around the globe, selected based on the advisers estimate of long-term intrinsic value. The ETF converted from a separately managed account. EAGL was launched on Mar 21, 2024 and is issued by Eagle.