Eagle Capital Select Equity ETF (NYSEARCA:EAGL) Sees Significant Decline in Short Interest

Eagle Capital Select Equity ETF (NYSEARCA:EAGL) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 25,983 shares, a drop of 73.2% from the July 15th total of 96,982 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 242,793 shares, the days-to-cover ratio is presently 0.1 days.

Eagle Capital Select Equity ETF Price Performance

Shares of Eagle Capital Select Equity ETF stock traded down $0.10 on Friday, reaching $35.26. 177,043 shares of the company were exchanged, compared to its average volume of 337,198. Eagle Capital Select Equity ETF has a 1-year low of $29.23 and a 1-year high of $35.47. The company has a market cap of $4.68 billion, a P/E ratio of 19.27 and a beta of 0.75. The stock’s 50 day moving average price is $33.14 and its 200-day moving average price is $32.36.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. MSA Advisors LLC acquired a new position in Eagle Capital Select Equity ETF during the 1st quarter worth approximately $154,000. Susquehanna International Group LLP acquired a new stake in shares of Eagle Capital Select Equity ETF in the 3rd quarter valued at $215,000. &PARTNERS purchased a new stake in shares of Eagle Capital Select Equity ETF during the 4th quarter worth $219,000. Lavelle Capital LP purchased a new stake in shares of Eagle Capital Select Equity ETF during the 1st quarter worth $255,000. Finally, Bank of America Corp DE purchased a new stake in shares of Eagle Capital Select Equity ETF during the 2nd quarter worth $383,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Eagle Capital Select Equity ETF Company Profile

The Eagle Capital Select Equity ETF (EAGL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in value stocks from around the globe, selected based on the advisers estimate of long-term intrinsic value. The ETF converted from a separately managed account. EAGL was launched on Mar 21, 2024 and is issued by Eagle.