Kovitz Core Equity ETF (NYSEARCA:EQTY) Sees Significant Decline in Short Interest

Kovitz Core Equity ETF (NYSEARCA:EQTY) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,904 shares, a decrease of 72.6% from the July 30th total of 6,960 shares. Based on an average daily trading volume, of 15,793 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Kovitz Core Equity ETF Price Performance

Shares of NYSEARCA EQTY traded up $0.03 during midday trading on Thursday, hitting $29.92. The stock had a trading volume of 13,964 shares, compared to its average volume of 31,814. The firm has a market cap of $1.47 billion, a P/E ratio of 27.78 and a beta of 0.93. Kovitz Core Equity ETF has a fifty-two week low of $24.74 and a fifty-two week high of $30.06. The company’s 50-day simple moving average is $28.83 and its 200 day simple moving average is $27.62.

Institutional Trading of Kovitz Core Equity ETF

A hedge fund recently bought a new stake in Kovitz Core Equity ETF stock. Basepoint Wealth LLC bought a new stake in shares of Kovitz Core Equity ETF (NYSEARCA:EQTY) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,542 shares of the company’s stock, valued at approximately $69,000.

About Kovitz Core Equity ETF

The Kovitz Core Equity ETF (EQTY) is an exchange-traded fund that mostly invests in total market equity. The fund is a narrow, core equity portfolio of companies believed by the adviser to be high quality and undervalued. The actively managed fund invests in large- and mid-cap companies around the globe. EQTY was launched on Dec 28, 2011 and is managed by Kovitz.