Eventide High Dividend ETF (NYSEARCA:ELCV) Sees Large Growth in Short Interest

Eventide High Dividend ETF (NYSEARCA:ELCV) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 35,722 shares, a growth of 57.8% from the January 29th total of 22,642 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 46,053 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 46,053 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Betterment LLC purchased a new stake in Eventide High Dividend ETF during the 3rd quarter worth about $303,000. 49 Wealth Management LLC grew its position in shares of 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 in the last quarter. AIFG Consultants Ltd. grew its position in shares of Eventide High Dividend ETF by 14.7% during the fourth quarter. AIFG Consultants Ltd. now owns 30,181 shares of the company’s stock worth $801,000 after buying an additional 3,872 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Eventide High Dividend ETF by 1.3% during the second quarter. EverSource Wealth Advisors LLC now owns 32,798 shares of the company’s stock worth $833,000 after buying an additional 408 shares during the period. Finally, Bare Financial Services Inc acquired a new stake in Eventide High Dividend ETF in the third quarter valued at approximately $9,224,000.

Eventide High Dividend ETF Price Performance

Eventide High Dividend ETF stock opened at $29.80 on Friday. The stock has a market capitalization of $169.86 million, a PE ratio of 22.31 and a beta of 1.11. Eventide High Dividend ETF has a 12 month low of $21.68 and a 12 month high of $29.81. The business has a 50 day simple moving average of $28.09 and a 200-day simple moving average of $27.10.

Eventide High Dividend ETF Increases Dividend

The business 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. This is an increase from Eventide High Dividend ETF’s previous quarterly dividend of $0.12. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, December 29th.

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.