AltShares Event-Driven ETF (NYSEARCA:EVNT) Shares Shorted: Short Interest Down 41.9% in September

AltShares Event-Driven ETF (NYSEARCA:EVNT) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,097 shares, a drop of 41.9% from the September 15th total of 3,612 shares. Based on an average daily volume of 3,638 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its position in AltShares Event-Driven ETF stock. Sonoma Allocations LLC grew its holdings in AltShares Event-Driven ETF (NYSEARCA:EVNT) by 129.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 348,455 shares of the company’s stock after purchasing an additional 196,657 shares during the quarter. AltShares Event-Driven ETF comprises 1.4% of Sonoma Allocations LLC’s portfolio, making the stock its 18th biggest holding. Sonoma Allocations LLC owned approximately 40.05% of AltShares Event-Driven ETF worth $4,053,000 at the end of the most recent quarter.

AltShares Event-Driven ETF Stock Up 0.0%

Shares of NYSEARCA:EVNT traded up $0.01 during trading on Thursday, reaching $12.23. The stock had a trading volume of 12,364 shares, compared to its average volume of 4,661. AltShares Event-Driven ETF has a 52 week low of $10.35 and a 52 week high of $13.00. The firm has a market capitalization of $13.09 million, a price-to-earnings ratio of 18.53 and a beta of 0.31. The stock has a fifty day simple moving average of $12.28 and a two-hundred day simple moving average of $12.09.

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.