AltShares Event-Driven ETF (NYSEARCA:EVNT) Short Interest Down 71.7% in April

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 218 shares, a decrease of 71.7% from the April 15th total of 771 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,217 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of 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 position in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 27,235 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned about 5.93% of AltShares Event-Driven ETF at the end of the most recent quarter.

AltShares Event-Driven ETF Stock Performance

Shares of EVNT remained flat at $11.84 during mid-day trading on Wednesday. 1,653 shares of the stock traded hands, compared to its average volume of 5,928. AltShares Event-Driven ETF has a 1-year low of $10.35 and a 1-year high of $13.54. The company has a fifty day moving average of $11.79 and a 200-day moving average of $11.77. The company has a market capitalization of $12.20 million, a P/E ratio of 18.53 and a beta of 0.32.

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. EVNT was launched on Dec 31, 2014 and is managed by Altshares.