AltShares Event-Driven ETF (NYSEARCA:EVNT) Plans $0.55 Annual Dividend

AltShares Event-Driven ETF (NYSEARCA:EVNT) announced an annual dividend on Wednesday, December 17th. Stockholders of record on Thursday, December 18th will be paid a dividend of 0.5514 per share on Friday, December 19th. This represents a dividend yield of 459.0%. The ex-dividend date is Thursday, December 18th.

AltShares Event-Driven ETF Price Performance

Shares of NYSEARCA:EVNT opened at $12.04 on Thursday. AltShares Event-Driven ETF has a 1 year low of $9.78 and a 1 year high of $13.54. The stock has a market capitalization of $8.79 million, a price-to-earnings ratio of 18.53 and a beta of 0.35. The company’s 50 day simple moving average is $11.94 and its 200 day simple moving average is $11.74.

Hedge Funds Weigh In On AltShares Event-Driven ETF

An institutional investor recently bought a new position in AltShares Event-Driven ETF stock. Jane Street Group LLC acquired a new stake in AltShares Event-Driven ETF (NYSEARCA:EVNT) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,235 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned approximately 5.93% of AltShares Event-Driven ETF as of its most recent SEC filing.

About AltShares Event-Driven ETF

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.