AltShares Event-Driven ETF (NYSEARCA:EVNT) Short Interest Up 467.4% in May

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,237 shares, an increase of 467.4% from the April 30th total of 218 shares. Based on an average daily trading volume, of 3,901 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AltShares Event-Driven ETF stock. Jane Street Group LLC purchased a new position in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 27,235 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned about 5.93% of AltShares Event-Driven ETF as of its most recent SEC filing.

AltShares Event-Driven ETF Price Performance

AltShares Event-Driven ETF stock remained flat at $11.94 during midday trading on Thursday. The company had a trading volume of 2,016 shares, compared to its average volume of 5,716. The company’s fifty day moving average is $11.82 and its two-hundred day moving average is $11.77. AltShares Event-Driven ETF has a 1-year low of $10.35 and a 1-year high of $13.54. The stock has a market capitalization of $12.30 million, a PE ratio of 18.53 and a beta of 0.32.

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.