Eventide High Dividend ETF (NYSEARCA:ELCV) Short Interest Up 103.0% in May

Eventide High Dividend ETF (NYSEARCA:ELCV) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 23,056 shares, an increase of 103.0% from the May 14th total of 11,356 shares. Based on an average daily trading volume, of 47,870 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Eventide High Dividend ETF

Large investors have recently modified their holdings of the business. Bare Financial Services Inc acquired a new position in shares of Eventide High Dividend ETF during the 3rd quarter worth about $9,224,000. Creative Financial Designs Inc. ADV lifted its stake in Eventide High Dividend ETF by 5.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 538,856 shares of the company’s stock valued at $14,411,000 after purchasing an additional 28,251 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Eventide High Dividend ETF by 10.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 36,067 shares of the company’s stock valued at $965,000 after purchasing an additional 3,269 shares during the last quarter. 49 Wealth Management LLC lifted its stake in Eventide High Dividend ETF by 43.7% in the 3rd quarter. 49 Wealth Management LLC now owns 39,885 shares of the company’s stock valued at $1,067,000 after purchasing an additional 12,123 shares during the last quarter. Finally, AIFG Consultants Ltd. lifted its stake in Eventide High Dividend ETF by 14.7% in the 4th quarter. AIFG Consultants Ltd. now owns 30,181 shares of the company’s stock valued at $801,000 after purchasing an additional 3,872 shares during the last quarter.

Eventide High Dividend ETF Trading Up 0.9%

Shares of Eventide High Dividend ETF stock traded up $0.30 during trading hours on Friday, reaching $32.36. 130,970 shares of the company’s stock were exchanged, compared to its average volume of 48,794. The company has a 50 day moving average of $30.81 and a two-hundred day moving average of $29.01. Eventide High Dividend ETF has a fifty-two week low of $24.85 and a fifty-two week high of $32.45. The stock has a market cap of $216.81 million, a P/E ratio of 22.31 and a beta of 0.67.

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.