Eventide High Dividend ETF (NYSEARCA:ELCV) Stock Short Interest Report for October

Eventide High Dividend ETF (NYSEARCA:ELCV) was the recipient of a significant drop in short interest in 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. Based on an average daily volume of 58,416 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Eventide High Dividend ETF stock. EverSource Wealth Advisors LLC boosted its holdings in Eventide High Dividend ETF (NYSEARCA:ELCV) by 66.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,993 shares of the company’s stock after acquiring an additional 24,443 shares during the quarter. EverSource Wealth Advisors LLC owned about 0.91% of Eventide High Dividend ETF worth $1,769,000 as of its most recent filing with the SEC.

Eventide High Dividend ETF Stock Performance

ELCV traded down $0.15 during trading on Friday, hitting $31.79. The stock had a trading volume of 31,399 shares, 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 twelve month low of $25.96 and a twelve month high of $33.19. The company’s 50-day moving average price is $31.18 and its 200 day moving average price is $30.62.

Eventide High Dividend ETF Cuts Dividend

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

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.