Short Interest in AltShares Event-Driven ETF (NYSEARCA:EVNT) Rises By 79.4%

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 2,219 shares, an increase of 79.4% from the May 14th total of 1,237 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 3,652 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of AltShares Event-Driven ETF

A hedge fund recently bought a new stake in AltShares Event-Driven ETF stock. Jane Street Group LLC bought a new position in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 at the end of the most recent quarter.

AltShares Event-Driven ETF Stock Up 0.3%

Shares of NYSEARCA EVNT traded up $0.04 during trading hours on Tuesday, hitting $12.03. 1,434 shares of the stock were exchanged, compared to its average volume of 5,688. The company has a market cap of $12.39 million, a PE ratio of 18.53 and a beta of 0.32. The firm has a fifty day moving average price of $11.89 and a 200-day moving average price of $11.77. AltShares Event-Driven ETF has a 12 month low of $10.35 and a 12 month high of $13.54.

About AltShares Event-Driven ETF

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.