Kovitz Core Equity ETF (NYSEARCA:EQTY) Sees Significant Decrease in Short Interest

Kovitz Core Equity ETF (NYSEARCA:EQTY) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 555 shares, a drop of 81.8% from the May 14th total of 3,057 shares. Based on an average trading volume of 88,303 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kovitz Core Equity ETF stock. Basepoint Wealth LLC acquired a new position in shares of Kovitz Core Equity ETF (NYSEARCA:EQTY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,542 shares of the company’s stock, valued at approximately $69,000.

Kovitz Core Equity ETF Trading Down 1.4%

EQTY stock traded down $0.38 during mid-day trading on Wednesday, reaching $27.37. The company’s stock had a trading volume of 10,363 shares, compared to its average volume of 37,353. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 27.78 and a beta of 0.95. The business’s 50 day moving average price is $27.07 and its 200 day moving average price is $27.01. Kovitz Core Equity ETF has a 12 month low of $24.00 and a 12 month high of $28.17.

About Kovitz Core Equity ETF

The Kovitz Core Equity ETF (EQTY) is an exchange-traded fund that mostly invests in total market equity. The fund is a narrow, core equity portfolio of companies believed by the adviser to be high quality and undervalued. The actively managed fund invests in large- and mid-cap companies around the globe. EQTY was launched on Dec 28, 2011 and is managed by Kovitz.