Zacks Earnings Consistent Portfolio ETF (BATS:ZECP) Sees Significant Drop in Short Interest

Zacks Earnings Consistent Portfolio ETF (BATS:ZECP) was the target of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 31,249 shares, a decrease of 55.7% from the October 15th total of 70,508 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 38,719 shares, the short-interest ratio is currently 0.8 days.

Zacks Earnings Consistent Portfolio ETF Stock Performance

Shares of Zacks Earnings Consistent Portfolio ETF stock traded up $0.04 during trading on Friday, hitting $38.80. 50,187 shares of the company’s stock were exchanged, compared to its average volume of 47,858. The business has a 50-day simple moving average of $37.86 and a 200-day simple moving average of $36.84. Zacks Earnings Consistent Portfolio ETF has a 52-week low of $32.98 and a 52-week high of $39.22. The stock has a market capitalization of $398.86 million, a price-to-earnings ratio of 23.74 and a beta of 0.84.

Institutional Investors Weigh In On Zacks Earnings Consistent Portfolio ETF

Hedge funds have recently added to or reduced their stakes in the business. Strive Financial Group LLC grew its position in Zacks Earnings Consistent Portfolio ETF by 268.2% during the 2nd quarter. Strive Financial Group LLC now owns 299,705 shares of the company’s stock worth $11,311,000 after purchasing an additional 218,299 shares during the period. Farther Finance Advisors LLC grew its holdings in Zacks Earnings Consistent Portfolio ETF by 1.9% during the third quarter. Farther Finance Advisors LLC now owns 138,934 shares of the company’s stock worth $5,156,000 after acquiring an additional 2,638 shares during the period. Alteri Wealth LLC grew its holdings in Zacks Earnings Consistent Portfolio ETF by 4.7% during the third quarter. Alteri Wealth LLC now owns 79,923 shares of the company’s stock worth $2,966,000 after acquiring an additional 3,578 shares during the period. CoreCap Advisors LLC raised its position in Zacks Earnings Consistent Portfolio ETF by 95.4% during the third quarter. CoreCap Advisors LLC now owns 11,673 shares of the company’s stock valued at $433,000 after acquiring an additional 5,698 shares in the last quarter. Finally, Compass Financial Management LLC raised its position in Zacks Earnings Consistent Portfolio ETF by 107.4% during the third quarter. Compass Financial Management LLC now owns 2,709 shares of the company’s stock valued at $101,000 after acquiring an additional 1,403 shares in the last quarter.

About Zacks Earnings Consistent Portfolio ETF

The Zacks Earnings Consistent Portfolio ETF (ZECP) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in companies that exhibit high stability through recessionary periods. ZECP was launched on Aug 24, 2021 and is managed by Zacks.