Short Interest in AltShares Event-Driven ETF (NYSEARCA:EVNT) Increases By 332.9%

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 5,316 shares, a growth of 332.9% from the June 30th total of 1,228 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 2,509 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On AltShares Event-Driven ETF

A hedge fund recently bought a new position in AltShares Event-Driven ETF stock. Jane Street Group LLC acquired a new stake in AltShares Event-Driven ETF (NYSEARCA:EVNT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,235 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned approximately 5.93% of AltShares Event-Driven ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

AltShares Event-Driven ETF Stock Up 0.1%

AltShares Event-Driven ETF stock opened at $12.20 on Tuesday. The business’s 50-day moving average price is $12.05 and its 200 day moving average price is $11.84. The firm has a market cap of $12.57 million, a price-to-earnings ratio of 18.53 and a beta of 0.31. AltShares Event-Driven ETF has a 52 week low of $10.35 and a 52 week high of $13.54.

About AltShares Event-Driven ETF

The AltShares Event-Driven ETF (EVNT) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively managed fund that provides long and short exposure to equity and debt securities of companies believed to be impacted by an announced or anticipated corporate event. EVNT was launched on Dec 31, 2014 and is managed by Altshares.