Eventide High Dividend ETF (NYSEARCA:ELCV) Short Interest Up 457.9% in June

Eventide High Dividend ETF (NYSEARCA:ELCV) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 128,633 shares, a growth of 457.9% from the May 31st total of 23,056 shares. Based on an average daily volume of 39,170 shares, the short-interest ratio is currently 3.3 days. Currently, 1.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc bought a new stake in shares of Eventide High Dividend ETF during the first quarter worth $31,000. Betterment LLC bought a new stake in Eventide High Dividend ETF in the 3rd quarter valued at $303,000. AIFG Consultants Ltd. boosted its stake in Eventide High Dividend ETF by 14.7% in the 4th quarter. AIFG Consultants Ltd. now owns 30,181 shares of the company’s stock worth $801,000 after purchasing an additional 3,872 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Eventide High Dividend ETF by 10.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 36,067 shares of the company’s stock worth $965,000 after purchasing an additional 3,269 shares during the period. Finally, 49 Wealth Management LLC increased its holdings in 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 purchasing an additional 12,123 shares in the last quarter.

Eventide High Dividend ETF Stock Down 0.8%

Shares of ELCV traded down $0.26 on Friday, hitting $32.83. The company’s stock had a trading volume of 134,316 shares, compared to its average volume of 48,271. The firm’s fifty day moving average price is $31.34 and its 200-day moving average price is $29.38. Eventide High Dividend ETF has a fifty-two week low of $25.20 and a fifty-two week high of $33.19. The firm has a market capitalization of $219.96 million, a price-to-earnings ratio of 22.31 and a beta of 0.67.

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.