Eventide High Dividend ETF (NYSEARCA:ELCV) Sees Large Growth in Short Interest

Eventide High Dividend ETF (NYSEARCA:ELCV) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 22,642 shares, an increase of 39.3% from the January 15th total of 16,258 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 27,614 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 27,614 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of Eventide High Dividend ETF

A number of large investors have recently made changes to their positions in ELCV. Creative Financial Designs Inc. ADV lifted its stake in Eventide High Dividend ETF by 3,276.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 510,605 shares of the company’s stock worth $12,971,000 after acquiring an additional 495,481 shares during the last quarter. 49 Wealth Management LLC raised its holdings in shares of Eventide High Dividend ETF by 6.9% in the 2nd quarter. 49 Wealth Management LLC now owns 27,762 shares of the company’s stock valued at $705,000 after purchasing an additional 1,797 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Eventide High Dividend ETF by 1.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 32,798 shares of the company’s stock worth $833,000 after purchasing an additional 408 shares during the last quarter. Bare Financial Services Inc acquired a new position in shares of Eventide High Dividend ETF during the third quarter worth $9,224,000. Finally, Betterment LLC acquired a new position in shares of Eventide High Dividend ETF during the third quarter worth $303,000.

Eventide High Dividend ETF Stock Performance

Shares of Eventide High Dividend ETF stock traded up $0.31 during trading hours on Monday, reaching $29.44. 11,298 shares of the company were exchanged, compared to its average volume of 39,740. The firm has a market cap of $167.81 million, a PE ratio of 22.31 and a beta of 1.11. Eventide High Dividend ETF has a 1 year low of $21.68 and a 1 year high of $29.63. The stock’s fifty day moving average is $27.54 and its 200 day moving average is $26.85.

Eventide High Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th were paid a $0.1839 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, December 29th. This is a boost from Eventide High Dividend ETF’s previous quarterly dividend of $0.12.

About Eventide High Dividend ETF

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.