Eventide High Dividend ETF (NYSEARCA:ELCV) Short Interest Up 103.0% in May

Eventide High Dividend ETF (NYSEARCA:ELCV) was the target of a large growth in short interest during the month of 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. Based on an average daily volume of 47,870 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Eventide High Dividend ETF

Hedge funds have recently bought and sold shares of the company. Bare Financial Services Inc acquired a new stake in Eventide High Dividend ETF in the 3rd quarter valued at about $9,224,000. Creative Financial Designs Inc. ADV lifted its stake in Eventide High Dividend ETF by 5.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 538,856 shares of the company’s stock valued at $14,411,000 after purchasing an additional 28,251 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Eventide High Dividend ETF by 10.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 36,067 shares of the company’s stock valued at $965,000 after purchasing an additional 3,269 shares during the last quarter. Betterment LLC acquired a new stake in Eventide High Dividend ETF in the 3rd quarter valued at about $303,000. Finally, AdvisorNet Financial Inc acquired a new stake in Eventide High Dividend ETF in the 1st quarter valued at about $31,000.

Eventide High Dividend ETF Stock Performance

NYSEARCA:ELCV traded up $0.30 during mid-day trading on Friday, hitting $32.36. The stock had a trading volume of 130,970 shares, compared to its average volume of 48,794. Eventide High Dividend ETF has a twelve month low of $24.85 and a twelve month high of $32.45. The stock has a market cap of $216.81 million, a price-to-earnings ratio of 22.31 and a beta of 0.67. The company’s 50 day simple moving average is $30.81 and its 200 day simple moving average is $29.01.

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.