American Conservative Values ETF (NYSEARCA:ACVF) Short Interest Update

American Conservative Values ETF (NYSEARCA:ACVF) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 2,697 shares, a drop of 38.1% from the August 31st total of 4,354 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,064 shares, the short-interest ratio is currently 0.9 days.

American Conservative Values ETF Trading Up 0.3%

NYSEARCA ACVF traded up $0.17 on Thursday, reaching $54.59. The stock had a trading volume of 3,220 shares, compared to its average volume of 6,304. American Conservative Values ETF has a 1 year low of $46.50 and a 1 year high of $56.90. The business has a 50 day moving average price of $55.06 and a 200 day moving average price of $53.04. The company has a market capitalization of $152.85 million, a price-to-earnings ratio of 25.85 and a beta of 0.95.

American Conservative Values ETF Cuts Dividend

The business 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 dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a negative change from American Conservative Values ETF’s previous quarterly dividend of $0.0673.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ACVF. HB Wealth Management LLC bought a new stake in American Conservative Values ETF during the second quarter valued at about $281,000. Western Wealth Management LLC acquired a new position in shares of American Conservative Values ETF during the first quarter worth approximately $111,000. D.A. Davidson & CO. boosted its position in shares of American Conservative Values ETF by 3.7% in the first quarter. D.A. Davidson & CO. now owns 6,142 shares of the company’s stock valued at $292,000 after acquiring an additional 220 shares during the period. RMG Wealth Management LLC bought a new position in American Conservative Values ETF during the first quarter worth $92,000. Finally, Ascentis Independent Advisors raised its stake in American Conservative Values ETF by 4.2% during the 1st quarter. Ascentis Independent Advisors now owns 6,588 shares of the company’s stock valued at $314,000 after purchasing an additional 264 shares during the last quarter.

About American Conservative Values ETF

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.