Eventide High Dividend ETF (NYSEARCA:ELCV) Short Interest Down 31.0% in December

Eventide High Dividend ETF (NYSEARCA:ELCV) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 10,774 shares, a decline of 31.0% from the December 15th total of 15,625 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 26,888 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 26,888 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. AIFG Consultants Ltd. acquired a new stake in shares of Eventide High Dividend ETF during the 2nd quarter worth approximately $750,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Eventide High Dividend ETF by 3,276.1% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 510,605 shares of the company’s stock worth $12,971,000 after acquiring an additional 495,481 shares during the last quarter. 49 Wealth Management LLC lifted its position in Eventide High Dividend ETF by 6.9% in the 2nd quarter. 49 Wealth Management LLC now owns 27,762 shares of the company’s stock valued at $705,000 after acquiring an additional 1,797 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Eventide High Dividend ETF by 1.3% during the second quarter. EverSource Wealth Advisors LLC now owns 32,798 shares of the company’s stock valued at $833,000 after buying an additional 408 shares during the last quarter. Finally, Bare Financial Services Inc purchased a new position in Eventide High Dividend ETF during the 3rd quarter worth $9,224,000.

Eventide High Dividend ETF Price Performance

NYSEARCA ELCV traded up $0.11 on Friday, hitting $27.84. 32,821 shares of the stock were exchanged, compared to its average volume of 44,484. Eventide High Dividend ETF has a 52 week low of $21.68 and a 52 week high of $27.85. The company has a market capitalization of $158.69 million, a PE ratio of 22.31 and a beta of 1.11. The business’s fifty day moving average is $26.85 and its 200 day moving average is $26.48.

Eventide High Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were paid a $0.1839 dividend. This is a positive change from Eventide High Dividend ETF’s previous quarterly dividend of $0.12. This represents a $0.74 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, December 29th.

About Eventide High Dividend ETF

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.