AltShares Event-Driven ETF (NYSEARCA:EVNT) Short Interest Down 48.9% in June

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,133 shares, a drop of 48.9% from the May 31st total of 2,219 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 6,170 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On AltShares Event-Driven ETF

An institutional investor recently bought a new position in AltShares Event-Driven ETF stock. Jane Street Group LLC acquired a new position in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,235 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned 5.93% of AltShares Event-Driven ETF as of its most recent SEC filing.

AltShares Event-Driven ETF Stock Performance

NYSEARCA EVNT opened at $12.14 on Tuesday. The business’s 50-day moving average price is $11.93 and its two-hundred day moving average price is $11.78. AltShares Event-Driven ETF has a 12 month low of $10.35 and a 12 month high of $13.54. The firm has a market capitalization of $12.50 million, a PE ratio of 18.53 and a beta of 0.32.

AltShares Event-Driven ETF Company Profile

The AltShares Event-Driven ETF (EVNT) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively managed fund that provides long and short exposure to equity and debt securities of companies believed to be impacted by an announced or anticipated corporate event. EVNT was launched on Dec 31, 2014 and is managed by Altshares.