AltShares Event-Driven ETF (NYSEARCA:EVNT) Short Interest Down 48.9% in June

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,133 shares, a decline of 48.9% from the May 31st total of 2,219 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 6,170 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of AltShares Event-Driven ETF

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

AltShares Event-Driven ETF Trading Up 0.2%

Shares of EVNT stock traded up $0.03 on Wednesday, hitting $12.18. 1,102 shares of the stock were exchanged, compared to its average volume of 5,555. The firm has a market capitalization of $12.55 million, a PE ratio of 18.53 and a beta of 0.32. AltShares Event-Driven ETF has a one year low of $10.35 and a one year high of $13.54. The firm’s 50 day moving average is $11.94 and its two-hundred day moving average is $11.78.

About AltShares Event-Driven ETF

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.