Eventide High Dividend ETF (NYSEARCA:ELCV) Short Interest Up 457.9% in June

Eventide High Dividend ETF (NYSEARCA:ELCV) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 128,633 shares, an increase of 457.9% from the May 31st total of 23,056 shares. Based on an average daily volume of 39,170 shares, the days-to-cover ratio is presently 3.3 days. Approximately 1.9% of the shares of the company are short sold.

Eventide High Dividend ETF Stock Down 1.2%

ELCV traded down $0.40 during trading on Friday, reaching $32.69. 153,666 shares of the company were exchanged, compared to its average volume of 48,444. The company’s 50-day moving average is $31.40 and its two-hundred day moving average is $29.41. The company has a market cap of $219.02 million, a price-to-earnings ratio of 22.31 and a beta of 0.67. Eventide High Dividend ETF has a 12-month low of $25.20 and a 12-month high of $33.19.

Institutional Investors Weigh In On Eventide High Dividend ETF

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Eventide High Dividend ETF by 1.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 36,550 shares of the company’s stock valued at $970,000 after acquiring an additional 483 shares during the period. AdvisorNet Financial Inc bought a new stake in Eventide High Dividend ETF during the 1st quarter worth approximately $31,000. 49 Wealth Management LLC lifted its stake in Eventide High Dividend ETF by 4.6% in the 4th quarter. 49 Wealth Management LLC now owns 41,726 shares of the company’s stock worth $1,107,000 after purchasing an additional 1,841 shares in the last quarter. AIFG Consultants Ltd. lifted its stake in Eventide High Dividend ETF by 14.7% in the 4th quarter. AIFG Consultants Ltd. now owns 30,181 shares of the company’s stock worth $801,000 after purchasing an additional 3,872 shares in the last quarter. Finally, Betterment LLC bought a new position in Eventide High Dividend ETF in the 3rd quarter valued at $303,000.

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.