Short Interest in AltShares Event-Driven ETF (NYSEARCA:EVNT) Rises By 332.9%

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 5,316 shares, an increase of 332.9% from the June 30th total of 1,228 shares. Based on an average daily trading volume, of 2,509 shares, the short-interest ratio is currently 2.1 days. Approximately 0.5% of the shares of the company are short sold.

AltShares Event-Driven ETF Stock Up 0.2%

EVNT stock opened at $12.19 on Friday. AltShares Event-Driven ETF has a twelve month low of $10.35 and a twelve month high of $13.54. The company has a market cap of $12.56 million, a PE ratio of 18.53 and a beta of 0.31. The business’s 50-day simple moving average is $12.04 and its 200 day simple moving average is $11.84.

Institutional Trading of AltShares Event-Driven ETF

A hedge fund recently bought a new position in AltShares Event-Driven ETF stock. Jane Street Group LLC acquired a new stake in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,235 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned 5.93% of AltShares Event-Driven ETF at the end of the most recent quarter.

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.