AltShares Event-Driven ETF (NYSEARCA:EVNT) Short Interest Down 48.3% in July

AltShares Event-Driven ETF (NYSEARCA:EVNT) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,748 shares, a decline of 48.3% from the July 15th total of 5,316 shares. Based on an average trading volume of 5,148 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of AltShares Event-Driven ETF

A hedge fund recently bought a new stake in AltShares Event-Driven ETF stock. Jane Street Group LLC bought a new position in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 filing with the SEC.

AltShares Event-Driven ETF Stock Down 0.3%

NYSEARCA EVNT traded down $0.04 on Monday, hitting $12.35. 2,533 shares of the stock were exchanged, compared to its average volume of 5,105. AltShares Event-Driven ETF has a fifty-two week low of $10.35 and a fifty-two week high of $13.54. The company has a 50-day moving average price of $12.16 and a 200-day moving average price of $11.91. The company has a market cap of $13.21 million, a PE ratio of 18.53 and a beta of 0.31.

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.