Eventide High Dividend ETF (NYSEARCA:ELCV) Sees Large Increase in Short Interest

Eventide High Dividend ETF (NYSEARCA:ELCV) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 16,258 shares, an increase of 50.9% from the December 31st total of 10,774 shares. Based on an average daily trading volume, of 45,719 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 45,719 shares, the short-interest ratio is currently 0.4 days.

Eventide High Dividend ETF Stock Performance

Eventide High Dividend ETF stock traded down $0.15 during midday trading on Friday, reaching $28.11. 18,552 shares of the stock were exchanged, compared to its average volume of 36,608. Eventide High Dividend ETF has a 52 week low of $21.68 and a 52 week high of $28.45. The firm has a market cap of $160.23 million, a PE ratio of 22.31 and a beta of 1.11. The company’s fifty day moving average is $27.15 and its 200-day moving average is $26.64.

Eventide High Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were given a dividend of $0.1839 per share. The ex-dividend date was Monday, December 29th. This is a positive change from Eventide High Dividend ETF’s previous quarterly dividend of $0.12. This represents a $0.74 annualized dividend and a yield of 2.6%.

Institutional Trading of Eventide High Dividend ETF

A number of hedge funds have recently modified their holdings of the business. AIFG Consultants Ltd. bought a new stake in Eventide High Dividend ETF in the 2nd quarter worth about $750,000. Creative Financial Designs Inc. ADV grew its position in Eventide High Dividend ETF by 3,276.1% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 510,605 shares of the company’s stock worth $12,971,000 after purchasing an additional 495,481 shares during the period. 49 Wealth Management LLC raised its stake in Eventide High Dividend ETF by 6.9% during the 2nd quarter. 49 Wealth Management LLC now owns 27,762 shares of the company’s stock valued at $705,000 after buying an additional 1,797 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Eventide High Dividend ETF by 1.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 32,798 shares of the company’s stock valued at $833,000 after buying an additional 408 shares during the period. Finally, Bare Financial Services Inc purchased a new position in shares of Eventide High Dividend ETF in the 3rd quarter worth $9,224,000.

Eventide High Dividend ETF Company Profile

The Eventide High Dividend ETF (ELCV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed portfolio of dividend-paying US stocks, selected through fundamental research and values-based principles. The fund seeks income, income growth, and long-term capital appreciation. ELCV was launched on Sep 30, 2024 and is issued by Eventide.