AltShares Event-Driven ETF (NYSEARCA:EVNT – Get Free Report) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,097 shares, a decline of 41.9% from the September 15th total of 3,612 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 3,638 shares, the short-interest ratio is presently 0.6 days.
AltShares Event-Driven ETF Price Performance
Shares of EVNT stock traded down $0.05 during trading hours on Friday, reaching $12.22. The company had a trading volume of 16 shares, compared to its average volume of 4,615. The company has a 50 day moving average of $12.28 and a 200 day moving average of $12.10. The firm has a market cap of $13.08 million, a price-to-earnings ratio of 18.53 and a beta of 0.31. AltShares Event-Driven ETF has a 1-year low of $10.35 and a 1-year high of $13.00.
Institutional Investors Weigh In On AltShares Event-Driven ETF
A hedge fund recently raised its stake in AltShares Event-Driven ETF stock. Sonoma Allocations LLC raised its stake in AltShares Event-Driven ETF (NYSEARCA:EVNT – Free Report) by 129.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 348,455 shares of the company’s stock after buying an additional 196,657 shares during the quarter. AltShares Event-Driven ETF accounts for about 1.4% of Sonoma Allocations LLC’s portfolio, making the stock its 18th largest position. Sonoma Allocations LLC owned approximately 40.05% of AltShares Event-Driven ETF worth $4,053,000 as of its most recent filing with the Securities and Exchange Commission.
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.
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