Short Interest in Eventide High Dividend ETF (NYSEARCA:ELCV) Grows By 39.3%

Eventide High Dividend ETF (NYSEARCA:ELCV) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 22,642 shares, a growth of 39.3% from the January 15th total of 16,258 shares. Based on an average daily volume of 27,614 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 27,614 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Eventide High Dividend ETF

Several institutional investors have recently made changes to their positions in ELCV. Betterment LLC purchased a new position in shares of Eventide High Dividend ETF in the third quarter worth $303,000. 49 Wealth Management LLC increased its holdings in Eventide High Dividend ETF by 6.9% in the 2nd quarter. 49 Wealth Management LLC now owns 27,762 shares of the company’s stock valued at $705,000 after acquiring an additional 1,797 shares during the last quarter. AIFG Consultants Ltd. increased its holdings in Eventide High Dividend ETF by 14.7% in the 4th quarter. AIFG Consultants Ltd. now owns 30,181 shares of the company’s stock valued at $801,000 after acquiring an additional 3,872 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Eventide High Dividend ETF by 1.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 32,798 shares of the company’s stock worth $833,000 after purchasing an additional 408 shares in the last quarter. Finally, Bare Financial Services Inc bought a new position in shares of Eventide High Dividend ETF during the 3rd quarter valued at about $9,224,000.

Eventide High Dividend ETF Trading Up 1.1%

Shares of ELCV traded up $0.31 during mid-day trading on Friday, reaching $29.44. 11,298 shares of the stock traded hands, compared to its average volume of 39,740. The company has a market cap of $167.81 million, a price-to-earnings ratio of 22.31 and a beta of 1.11. Eventide High Dividend ETF has a 1 year low of $21.68 and a 1 year high of $29.63. The firm has a fifty day moving average price of $27.54 and a 200 day moving average price of $26.85.

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 issued a dividend of $0.1839 per share. This is a boost from Eventide High Dividend ETF’s previous quarterly dividend of $0.12. This represents a $0.74 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, December 29th.

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.