Eventide High Dividend ETF (NYSEARCA:ELCV) Short Interest Down 70.0% in June

Eventide High Dividend ETF (NYSEARCA:ELCV) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 38,557 shares, a decline of 70.0% from the June 15th total of 128,633 shares. Based on an average daily volume of 48,077 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are sold short.

Eventide High Dividend ETF Trading Up 0.2%

ELCV stock traded up $0.08 during midday trading on Tuesday, reaching $32.18. The stock had a trading volume of 38,615 shares, compared to its average volume of 47,521. The company’s fifty day simple moving average is $31.82 and its 200 day simple moving average is $29.85. The company has a market cap of $254.22 million, a price-to-earnings ratio of 22.31 and a beta of 0.63. Eventide High Dividend ETF has a 52-week low of $25.46 and a 52-week high of $33.19.

Hedge Funds Weigh In On Eventide High Dividend ETF

Several hedge funds and other institutional investors have recently modified their holdings of ELCV. Bare Financial Services Inc boosted its position in Eventide High Dividend ETF by 20.2% during the fourth quarter. Bare Financial Services Inc now owns 414,551 shares of the company’s stock worth $11,002,000 after acquiring an additional 69,623 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Eventide High Dividend ETF by 66.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 60,993 shares of the company’s stock worth $1,769,000 after purchasing an additional 24,443 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Eventide High Dividend ETF by 4.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 562,555 shares of the company’s stock worth $14,930,000 after purchasing an additional 23,699 shares in the last quarter. Betterment LLC acquired a new position in shares of Eventide High Dividend ETF during the 3rd quarter worth approximately $303,000. Finally, AIFG Consultants Ltd. boosted its holdings in shares of Eventide High Dividend ETF by 14.7% during the 4th quarter. AIFG Consultants Ltd. now owns 30,181 shares of the company’s stock worth $801,000 after purchasing an additional 3,872 shares during the last quarter.

Eventide High Dividend ETF Company Profile

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.