American Conservative Values ETF (NYSEARCA:ACVF) Sees Significant Decline in Short Interest

American Conservative Values ETF (NYSEARCA:ACVF) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 614 shares, a drop of 77.2% from the September 15th total of 2,697 shares. Based on an average daily trading volume, of 8,957 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On American Conservative Values ETF

Large investors have recently added to or reduced their stakes in the stock. Brookstone Capital Management lifted its stake in shares of American Conservative Values ETF by 5.8% in the 1st quarter. Brookstone Capital Management now owns 25,927 shares of the company’s stock valued at $1,234,000 after purchasing an additional 1,413 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of American Conservative Values ETF by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,688 shares of the company’s stock worth $1,071,000 after purchasing an additional 880 shares during the period. McCollum Christoferson Group LLC increased its position in shares of American Conservative Values ETF by 3.9% during the 3rd quarter. McCollum Christoferson Group LLC now owns 10,455 shares of the company’s stock valued at $569,000 after purchasing an additional 395 shares during the last quarter. Fairman Group LLC increased its position in shares of American Conservative Values ETF by 130.1% during the 1st quarter. Fairman Group LLC now owns 11,452 shares of the company’s stock valued at $545,000 after purchasing an additional 6,476 shares during the last quarter. Finally, Ascentis Independent Advisors raised its holdings in American Conservative Values ETF by 4.2% during the 1st quarter. Ascentis Independent Advisors now owns 6,588 shares of the company’s stock valued at $314,000 after buying an additional 264 shares during the period.

American Conservative Values ETF Price Performance

Shares of NYSEARCA ACVF traded down $0.18 during mid-day trading on Tuesday, hitting $55.41. 1,965 shares of the company’s stock traded hands, compared to its average volume of 6,362. The company’s 50-day moving average is $55.36 and its two-hundred day moving average is $53.44. The company has a market capitalization of $155.15 million, a P/E ratio of 25.85 and a beta of 0.95. American Conservative Values ETF has a 1 year low of $46.50 and a 1 year high of $56.90.

American Conservative Values ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Wednesday, September 23rd were given a $0.0557 dividend. This is a decrease from American Conservative Values ETF’s previous quarterly dividend of $0.0673. This represents a $0.22 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, September 23rd.

About American Conservative Values ETF

The American Conservative Values ETF (ACVF) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies that are perceived to align with political conservative values. ACVF was launched on Oct 29, 2020 and is managed by ACV.