Eventide High Dividend ETF (NYSEARCA:ELCV) Short Interest Down 15.9% in March

Eventide High Dividend ETF (NYSEARCA:ELCV) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 33,334 shares, a drop of 15.9% from the March 15th total of 39,625 shares. Based on an average daily volume of 28,112 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Eventide High Dividend ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELCV. AdvisorNet Financial Inc acquired a new position in Eventide High Dividend ETF during the first quarter worth about $31,000. Betterment LLC purchased a new stake in shares of Eventide High Dividend ETF during the third quarter worth about $303,000. AIFG Consultants Ltd. grew its holdings 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 grew its holdings in shares of Eventide High Dividend ETF by 10.0% during the third quarter. EverSource Wealth Advisors LLC now owns 36,067 shares of the company’s stock worth $965,000 after buying an additional 3,269 shares in the last quarter. Finally, 49 Wealth Management LLC grew its holdings in shares of Eventide High Dividend ETF by 43.7% during the third quarter. 49 Wealth Management LLC now owns 39,885 shares of the company’s stock worth $1,067,000 after buying an additional 12,123 shares in the last quarter.

Eventide High Dividend ETF Trading Up 0.5%

Shares of ELCV opened at $30.10 on Friday. The firm has a market capitalization of $183.61 million, a price-to-earnings ratio of 22.31 and a beta of 0.73. The firm’s fifty day simple moving average is $29.28 and its 200-day simple moving average is $27.80. Eventide High Dividend ETF has a twelve month low of $22.80 and a twelve month high of $30.12.

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.