American Conservative Values ETF (NYSEARCA:ACVF) Stock Short Interest Climbs 68.9%

American Conservative Values ETF (NYSEARCA:ACVF) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,037 shares, a growth of 68.9% from the September 30th total of 614 shares. Based on an average daily volume of 6,531 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of American Conservative Values ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC purchased a new stake in shares of American Conservative Values ETF during the 3rd quarter worth $2,028,000. D.A. Davidson & CO. purchased a new position in American Conservative Values ETF in the third quarter valued at about $310,000. Simplicity Wealth LLC purchased a new position in American Conservative Values ETF in the third quarter valued at about $783,000. Brookstone Capital Management purchased a new position in American Conservative Values ETF in the third quarter valued at about $732,000. Finally, Encompass More Asset Management raised its holdings in American Conservative Values ETF by 19.2% in the third quarter. Encompass More Asset Management now owns 53,599 shares of the company’s stock worth $2,917,000 after purchasing an additional 8,633 shares in the last quarter.

American Conservative Values ETF Stock Performance

NYSEARCA ACVF opened at $54.88 on Wednesday. The firm’s 50 day moving average price is $55.08 and its 200-day moving average price is $52.69. American Conservative Values ETF has a 52-week low of $46.50 and a 52-week high of $56.90. The company has a market cap of $153.66 million, a PE ratio of 25.85 and a beta of 0.95.

American Conservative Values ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Wednesday, September 23rd were paid a $0.0557 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. This is a negative change from American Conservative Values ETF’s previous quarterly dividend of $0.0673. The ex-dividend date of this dividend was Wednesday, September 23rd.

American Conservative Values ETF Company Profile

The American Conservative Values ETF (ACVF) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies that are perceived to align with political conservative values. ACVF was launched on Oct 29, 2020 and is managed by ACV.