Zacks Earnings Consistent Portfolio ETF (BATS:ZECP) Sees Significant Growth in Short Interest

Zacks Earnings Consistent Portfolio ETF (BATS:ZECP) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 58,453 shares, a growth of 100.4% from the May 31st total of 29,173 shares. Based on an average trading volume of 52,785 shares, the short-interest ratio is presently 1.1 days. Currently, 0.8% of the company’s stock are sold short.

Zacks Earnings Consistent Portfolio ETF Stock Up 0.9%

Shares of ZECP opened at $37.62 on Tuesday. The company has a 50 day moving average of $36.77 and a two-hundred day moving average of $35.69. Zacks Earnings Consistent Portfolio ETF has a twelve month low of $31.76 and a twelve month high of $37.71. The company has a market cap of $290.80 million, a price-to-earnings ratio of 24.24 and a beta of 0.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strive Financial Group LLC acquired a new position in Zacks Earnings Consistent Portfolio ETF during the 4th quarter valued at about $2,806,000. Virtue Capital Management LLC boosted its holdings in Zacks Earnings Consistent Portfolio ETF by 2.3% in the fourth quarter. Virtue Capital Management LLC now owns 130,605 shares of the company’s stock worth $4,556,000 after acquiring an additional 2,975 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Zacks Earnings Consistent Portfolio ETF by 0.9% during the fourth quarter. Advisory Services Network LLC now owns 1,280,998 shares of the company’s stock worth $44,527,000 after acquiring an additional 11,071 shares during the last quarter. Rossby Financial LCC grew its stake in shares of Zacks Earnings Consistent Portfolio ETF by 39.6% during the fourth quarter. Rossby Financial LCC now owns 27,381 shares of the company’s stock worth $952,000 after acquiring an additional 7,769 shares during the last quarter. Finally, Wayfinding Financial LLC increased its holdings in shares of Zacks Earnings Consistent Portfolio ETF by 1.4% during the fourth quarter. Wayfinding Financial LLC now owns 162,671 shares of the company’s stock valued at $5,699,000 after acquiring an additional 2,299 shares in the last quarter.

About Zacks Earnings Consistent Portfolio ETF

The Zacks Earnings Consistent Portfolio ETF (ZECP) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in companies that exhibit high stability through recessionary periods. ZECP was launched on Aug 24, 2021 and is managed by Zacks.