AltShares Event-Driven ETF (NYSEARCA:EVNT) Short Interest Down 48.3% in July

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 2,748 shares, a drop of 48.3% from the July 15th total of 5,316 shares. Based on an average trading volume of 5,148 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On AltShares Event-Driven ETF

An institutional investor recently bought a new stake in AltShares Event-Driven ETF stock. Jane Street Group LLC purchased a new stake in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,235 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned about 5.93% of AltShares Event-Driven ETF as of its most recent filing with the Securities & Exchange Commission.

AltShares Event-Driven ETF Trading Up 0.2%

Shares of EVNT traded up $0.03 during trading hours on Friday, hitting $12.39. The company had a trading volume of 1,751 shares, compared to its average volume of 5,122. The company has a market capitalization of $13.26 million, a PE ratio of 18.53 and a beta of 0.31. AltShares Event-Driven ETF has a one year low of $10.35 and a one year high of $13.54. The company’s fifty day moving average price is $12.16 and its two-hundred day moving average price is $11.91.

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.