AltShares Event-Driven ETF (NYSEARCA:EVNT) Short Interest Update

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,237 shares, a growth of 467.4% from the April 30th total of 218 shares. Based on an average trading volume of 3,901 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AltShares Event-Driven ETF stock. Jane Street Group LLC bought a new position in AltShares Event-Driven ETF (NYSEARCA:EVNT) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 27,235 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned approximately 5.93% of AltShares Event-Driven ETF as of its most recent filing with the Securities & Exchange Commission.

AltShares Event-Driven ETF Stock Performance

EVNT stock traded down $0.01 during midday trading on Friday, reaching $11.93. 2,419 shares of the company’s stock traded hands, compared to its average volume of 5,684. The company has a 50-day moving average price of $11.83 and a two-hundred day moving average price of $11.78. AltShares Event-Driven ETF has a 52 week low of $10.35 and a 52 week high of $13.54. The firm has a market capitalization of $12.29 million, a PE ratio of 18.53 and a beta of 0.32.

AltShares Event-Driven ETF Company Profile

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.