Eagle Capital Select Equity ETF (NYSEARCA:EAGL) Sees Large Decline in Short Interest

Eagle Capital Select Equity ETF (NYSEARCA:EAGL) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 54,821 shares, a decline of 62.8% from the September 30th total of 147,424 shares. Based on an average daily volume of 513,129 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Eagle Capital Select Equity ETF Price Performance

NYSEARCA EAGL traded down $0.15 during trading hours on Thursday, reaching $35.76. The company’s stock had a trading volume of 429 shares, compared to its average volume of 327,302. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 19.27 and a beta of 0.79. Eagle Capital Select Equity ETF has a 1-year low of $29.23 and a 1-year high of $36.45. The company’s 50-day moving average is $35.26 and its two-hundred day moving average is $33.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sepio Capital LP grew its stake in Eagle Capital Select Equity ETF by 80.3% in the 3rd quarter. Sepio Capital LP now owns 141,809 shares of the company’s stock valued at $4,826,000 after acquiring an additional 63,166 shares during the period. Piedmont Capital Management LLC NC increased its stake in Eagle Capital Select Equity ETF by 0.4% during the 3rd quarter. Piedmont Capital Management LLC NC now owns 121,935 shares of the company’s stock worth $4,149,000 after buying an additional 520 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Eagle Capital Select Equity ETF during the second quarter worth approximately $129,000. XP Advisory US Inc. acquired a new stake in Eagle Capital Select Equity ETF during the 2nd quarter worth $753,000. Finally, Lavelle Capital LP purchased a new position in shares of Eagle Capital Select Equity ETF in the first quarter worth about $255,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

About Eagle Capital Select Equity ETF

The Eagle Capital Select Equity ETF (EAGL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in value stocks from around the globe, selected based on the advisers estimate of long-term intrinsic value. The ETF converted from a separately managed account. EAGL was launched on Mar 21, 2024 and is issued by Eagle.