Eventide High Dividend ETF (NYSEARCA:ELCV) Sees Large Growth in Short Interest

Eventide High Dividend ETF (NYSEARCA:ELCV) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 16,258 shares, a growth of 50.9% from the December 31st total of 10,774 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 45,719 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 45,719 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Eventide High Dividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Betterment LLC acquired a new position in shares of Eventide High Dividend ETF during the 3rd quarter worth about $303,000. 49 Wealth Management LLC increased its position in Eventide High Dividend ETF by 6.9% during the second quarter. 49 Wealth Management LLC now owns 27,762 shares of the company’s stock worth $705,000 after acquiring an additional 1,797 shares during the period. AIFG Consultants Ltd. acquired a new position in Eventide High Dividend ETF during the 2nd quarter valued at $750,000. EverSource Wealth Advisors LLC boosted its holdings in Eventide High Dividend ETF by 1.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 32,798 shares of the company’s stock valued at $833,000 after purchasing an additional 408 shares during the period. Finally, Bare Financial Services Inc acquired a new stake in Eventide High Dividend ETF in the 3rd quarter worth $9,224,000.

Eventide High Dividend ETF Price Performance

ELCV traded down $0.15 during trading on Friday, hitting $28.11. The company had a trading volume of 18,552 shares, compared to its average volume of 36,608. Eventide High Dividend ETF has a 1-year low of $21.68 and a 1-year high of $28.45. The company has a market cap of $160.23 million, a PE ratio of 22.31 and a beta of 1.11. The business has a 50-day moving average of $27.15 and a 200-day moving average of $26.64.

Eventide High Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 29th were issued a dividend of $0.1839 per share. The ex-dividend date of this dividend was Monday, December 29th. 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%.

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.