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

Eventide High Dividend ETF (NYSEARCA:ELCV) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 38,557 shares, a decrease of 70.0% from the June 15th total of 128,633 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 48,077 shares, the days-to-cover ratio is currently 0.8 days.

Eventide High Dividend ETF Trading Up 0.3%

Shares of NYSEARCA ELCV traded up $0.09 during midday trading on Friday, hitting $32.28. 29,262 shares of the company’s stock were exchanged, compared to its average volume of 47,769. Eventide High Dividend ETF has a 12-month low of $25.46 and a 12-month high of $33.19. The company has a market cap of $255.01 million, a price-to-earnings ratio of 22.31 and a beta of 0.63. The business’s fifty day moving average price is $31.80 and its two-hundred day moving average price is $29.81.

Hedge Funds Weigh In On Eventide High Dividend ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of ELCV. Creative Financial Designs Inc. ADV boosted its position in Eventide High Dividend ETF by 4.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 562,555 shares of the company’s stock valued at $14,930,000 after buying an additional 23,699 shares during the period. Bare Financial Services Inc grew its stake in shares of Eventide High Dividend ETF by 20.2% during the fourth quarter. Bare Financial Services Inc now owns 414,551 shares of the company’s stock valued at $11,002,000 after buying an additional 69,623 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Eventide High Dividend ETF by 66.9% in the first quarter. EverSource Wealth Advisors LLC now owns 60,993 shares of the company’s stock worth $1,769,000 after buying an additional 24,443 shares during the period. 49 Wealth Management LLC increased its holdings in shares of 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 buying an additional 1,841 shares during the period. Finally, AIFG Consultants Ltd. lifted its stake in shares of 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.

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.