American Conservative Values ETF (NYSEARCA:ACVF) Sees Large Drop in Short Interest

American Conservative Values ETF (NYSEARCA:ACVF) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 215 shares, a drop of 99.0% from the May 31st total of 21,887 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On American Conservative Values ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in American Conservative Values ETF in the fourth quarter worth approximately $85,000. RMG Wealth Management LLC purchased a new position in American Conservative Values ETF in the first quarter worth $92,000. Larson Financial Group LLC purchased a new stake in American Conservative Values ETF during the third quarter worth about $94,000. Bank of Montreal Can lifted its stake in American Conservative Values ETF by 10.9% in the fourth quarter. Bank of Montreal Can now owns 2,090 shares of the company’s stock valued at $103,000 after purchasing an additional 206 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in American Conservative Values ETF during the first quarter valued at about $111,000.

American Conservative Values ETF Price Performance

NYSEARCA:ACVF traded up $0.34 during trading hours on Thursday, reaching $53.62. 10,694 shares of the company were exchanged, compared to its average volume of 7,022. The company has a market capitalization of $151.74 million, a P/E ratio of 25.85 and a beta of 0.95. American Conservative Values ETF has a 1-year low of $46.44 and a 1-year high of $54.90. The business has a 50 day moving average of $52.86 and a 200 day moving average of $50.66.

American Conservative Values ETF Company Profile

The American Conservative Values ETF (ACVF) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies that are perceived to align with political conservative values. ACVF was launched on Oct 29, 2020 and is managed by ACV.