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

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 6,360 shares, an increase of 131.4% from the July 30th total of 2,748 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,056 shares, the short-interest ratio is currently 3.1 days.

Hedge Funds Weigh In On AltShares Event-Driven ETF

An institutional investor recently raised its position in AltShares Event-Driven ETF stock. Sonoma Allocations LLC lifted its stake in AltShares Event-Driven ETF (NYSEARCA:EVNT) by 22.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 425,333 shares of the company’s stock after buying an additional 76,878 shares during the quarter. AltShares Event-Driven ETF makes up 1.7% of Sonoma Allocations LLC’s holdings, making the stock its 15th largest position. Sonoma Allocations LLC owned about 41.29% of AltShares Event-Driven ETF worth $4,996,000 as of its most recent filing with the Securities & Exchange Commission.

AltShares Event-Driven ETF Price Performance

Shares of EVNT remained flat at $12.28 during trading hours on Friday. The stock had a trading volume of 2,179 shares, compared to its average volume of 4,884. The company has a market cap of $13.14 million, a P/E ratio of 18.53 and a beta of 0.31. The business’s 50 day moving average price is $12.23 and its two-hundred day moving average price is $11.96. AltShares Event-Driven ETF has a 52-week low of $10.35 and a 52-week high of $13.00.

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.