Eventide High Dividend ETF (NYSEARCA:ELCV) Sees Significant Increase in Short Interest

Eventide High Dividend ETF (NYSEARCA:ELCV) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 23,056 shares, a growth of 103.0% from the May 14th total of 11,356 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 47,870 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Eventide High Dividend ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Creative Financial Designs Inc. ADV lifted its holdings in Eventide High Dividend ETF by 4.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 562,555 shares of the company’s stock worth $14,930,000 after buying an additional 23,699 shares during the period. Bare Financial Services Inc raised its stake in shares of Eventide High Dividend ETF by 20.2% during the 4th quarter. Bare Financial Services Inc now owns 414,551 shares of the company’s stock valued at $11,002,000 after buying an additional 69,623 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Eventide High Dividend ETF by 66.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 60,993 shares of the company’s stock valued at $1,769,000 after purchasing an additional 24,443 shares in the last quarter. 49 Wealth Management LLC increased its stake in shares of 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 valued at $1,107,000 after purchasing an additional 1,841 shares in the last quarter. Finally, AIFG Consultants Ltd. boosted its holdings 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 buying an additional 3,872 shares during the last quarter.

Eventide High Dividend ETF Trading Up 0.6%

Shares of NYSEARCA:ELCV traded up $0.20 during mid-day trading on Monday, reaching $32.56. The stock had a trading volume of 9,073 shares, compared to its average volume of 48,439. The company has a market cap of $218.15 million, a P/E ratio of 22.31 and a beta of 0.67. Eventide High Dividend ETF has a 1 year low of $24.85 and a 1 year high of $32.62. The business’s 50 day moving average price is $30.81 and its 200 day moving average price is $29.03.

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.