Eventide High Dividend ETF (NYSEARCA:ELCV) Sees Significant Decline in Short Interest

Eventide High Dividend ETF (NYSEARCA:ELCV) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 10,774 shares, a decline of 31.0% from the December 15th total of 15,625 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 26,888 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 26,888 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Eventide High Dividend ETF Stock Performance

Shares of Eventide High Dividend ETF stock traded up $0.11 on Friday, hitting $27.84. The company’s stock had a trading volume of 32,821 shares, compared to its average volume of 44,484. Eventide High Dividend ETF has a 1 year low of $21.68 and a 1 year high of $27.85. The firm has a fifty day moving average price of $26.85 and a 200-day moving average price of $26.48. The company has a market capitalization of $158.69 million, a price-to-earnings ratio of 22.31 and a beta of 1.11.

Eventide High Dividend ETF Increases Dividend

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

Institutional Trading of Eventide High Dividend ETF

Large investors have recently bought and sold shares of the company. Betterment LLC acquired a new stake in shares of Eventide High Dividend ETF during the 3rd quarter valued at about $303,000. 49 Wealth Management LLC boosted its holdings in Eventide High Dividend ETF by 6.9% during the second quarter. 49 Wealth Management LLC now owns 27,762 shares of the company’s stock worth $705,000 after buying an additional 1,797 shares during the last quarter. AIFG Consultants Ltd. bought a new stake in Eventide High Dividend ETF during the 2nd quarter worth approximately $750,000. EverSource Wealth Advisors LLC lifted its position in 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 worth $833,000 after buying an additional 408 shares in the last quarter. Finally, Bare Financial Services Inc bought a new stake in Eventide High Dividend ETF in the 3rd quarter valued at $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.