Short Interest in Eventide High Dividend ETF (NYSEARCA:ELCV) Grows By 103.0%

Eventide High Dividend ETF (NYSEARCA:ELCV) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 23,056 shares, an increase of 103.0% from the May 14th total of 11,356 shares. Based on an average daily trading volume, of 47,870 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Eventide High Dividend ETF Trading Up 0.7%

Shares of NYSEARCA ELCV traded up $0.22 during midday trading on Monday, hitting $32.58. The company’s stock had a trading volume of 6,025 shares, compared to its average volume of 48,415. Eventide High Dividend ETF has a 12-month low of $24.85 and a 12-month high of $32.58. The firm has a market cap of $218.29 million, a P/E ratio of 22.31 and a beta of 0.67. The business’s 50 day moving average is $30.81 and its two-hundred day moving average is $29.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Eventide High Dividend ETF by 1.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 36,550 shares of the company’s stock worth $970,000 after purchasing an additional 483 shares in the last quarter. AdvisorNet Financial Inc bought a new position in Eventide High Dividend ETF in the first quarter worth approximately $31,000. 49 Wealth Management LLC grew its stake in Eventide High Dividend ETF by 4.6% in the fourth quarter. 49 Wealth Management LLC now owns 41,726 shares of the company’s stock worth $1,107,000 after purchasing an additional 1,841 shares in the last quarter. AIFG Consultants Ltd. grew its stake in Eventide High Dividend ETF by 14.7% in the fourth quarter. AIFG Consultants Ltd. now owns 30,181 shares of the company’s stock worth $801,000 after purchasing an additional 3,872 shares in the last quarter. Finally, Betterment LLC bought a new stake in Eventide High Dividend ETF during the 3rd quarter valued at $303,000.

About Eventide High Dividend ETF

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.