Eventide High Dividend ETF (NYSEARCA:ELCV) Sees Significant Decline in Short Interest

Eventide High Dividend ETF (NYSEARCA:ELCV) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 17,051 shares, a decrease of 52.9% from the April 15th total of 36,208 shares. Based on an average daily trading volume, of 111,273 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of Eventide High Dividend ETF

Large investors have recently modified their holdings of the stock. AdvisorNet Financial Inc bought a new position in Eventide High Dividend ETF in the 1st quarter valued at about $31,000. Betterment LLC bought a new stake in shares of Eventide High Dividend ETF during the 3rd quarter worth approximately $303,000. AIFG Consultants Ltd. lifted 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 acquiring an additional 3,872 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Eventide High Dividend ETF by 10.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 36,067 shares of the company’s stock worth $965,000 after acquiring an additional 3,269 shares in the last quarter. Finally, 49 Wealth Management LLC boosted its position in shares of Eventide High Dividend ETF by 43.7% during the 3rd quarter. 49 Wealth Management LLC now owns 39,885 shares of the company’s stock worth $1,067,000 after acquiring an additional 12,123 shares in the last quarter.

Eventide High Dividend ETF Price Performance

NYSEARCA ELCV traded down $0.46 on Friday, reaching $30.80. The stock had a trading volume of 236,438 shares, compared to its average volume of 49,783. The firm has a fifty day moving average of $29.69 and a two-hundred day moving average of $28.28. Eventide High Dividend ETF has a 1-year low of $24.18 and a 1-year high of $31.26. The company has a market cap of $206.36 million, a P/E ratio of 22.31 and a beta of 0.70.

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.