Eventide High Dividend ETF (NYSEARCA:ELCV) Short Interest Update

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

Institutional Investors Weigh In On Eventide High Dividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Betterment LLC purchased a new position in Eventide High Dividend ETF in the 3rd quarter valued at approximately $303,000. 49 Wealth Management LLC grew its holdings in Eventide High Dividend ETF by 6.9% in the second quarter. 49 Wealth Management LLC now owns 27,762 shares of the company’s stock valued at $705,000 after purchasing an additional 1,797 shares during the last quarter. AIFG Consultants Ltd. grew its holdings 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 valued at $801,000 after purchasing an additional 3,872 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Eventide High Dividend ETF by 1.3% in the second quarter. EverSource Wealth Advisors LLC now owns 32,798 shares of the company’s stock valued at $833,000 after buying an additional 408 shares in the last quarter. Finally, Bare Financial Services Inc purchased a new position in shares of Eventide High Dividend ETF in the third quarter valued at $9,224,000.

Eventide High Dividend ETF Stock Up 0.4%

Shares of NYSEARCA ELCV opened at $29.80 on Friday. Eventide High Dividend ETF has a 52 week low of $21.68 and a 52 week high of $29.81. The firm has a 50-day moving average price of $28.09 and a 200 day moving average price of $27.10. The stock has a market capitalization of $169.86 million, a price-to-earnings ratio of 22.31 and a beta of 1.11.

Eventide High Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were issued a $0.1839 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 2.5%. This is a boost from Eventide High Dividend ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, December 29th.

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.