Eagle Capital Select Equity ETF (NYSEARCA:EAGL) Sees Large Growth in Short Interest

Eagle Capital Select Equity ETF (NYSEARCA:EAGL) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 231,160 shares, an increase of 321.7% from the October 15th total of 54,821 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 308,167 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Eagle Capital Select Equity ETF

Large investors have recently added to or reduced their stakes in the company. Ieq Capital LLC bought a new position in shares of Eagle Capital Select Equity ETF in the third quarter worth approximately $314,000. BCS Private Wealth Management Inc. raised its position in shares of Eagle Capital Select Equity ETF by 27.0% during the 3rd quarter. BCS Private Wealth Management Inc. now owns 1,223,625 shares of the company’s stock valued at $41,640,000 after purchasing an additional 260,240 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of Eagle Capital Select Equity ETF during the 3rd quarter valued at $206,000. Sageworth Trust Co lifted its stake in shares of Eagle Capital Select Equity ETF by 80.1% during the 3rd quarter. Sageworth Trust Co now owns 1,673,137 shares of the company’s stock valued at $56,937,000 after buying an additional 744,138 shares in the last quarter. Finally, Sageworth Trust Co of South Dakota lifted its stake in shares of Eagle Capital Select Equity ETF by 178.4% during the 3rd quarter. Sageworth Trust Co of South Dakota now owns 90,453 shares of the company’s stock valued at $3,078,000 after buying an additional 57,965 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Eagle Capital Select Equity ETF Trading Up 0.6%

Eagle Capital Select Equity ETF stock traded up $0.21 during midday trading on Friday, hitting $36.22. The stock had a trading volume of 125,333 shares, compared to its average volume of 323,570. The firm’s fifty day moving average is $35.28 and its two-hundred day moving average is $33.31. The company has a market capitalization of $5.00 billion, a PE ratio of 22.61 and a beta of 0.75. Eagle Capital Select Equity ETF has a 52-week low of $29.23 and a 52-week high of $36.86.

About Eagle Capital Select Equity ETF

The Eagle Capital Select Equity ETF (EAGL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in value stocks from around the globe, selected based on the advisers estimate of long-term intrinsic value. The ETF converted from a separately managed account. EAGL was launched on Mar 21, 2024 and is issued by Eagle.