Eagle Capital Select Equity ETF (NYSEARCA:EAGL) Sees Significant Increase in Short Interest

Eagle Capital Select Equity ETF (NYSEARCA:EAGL) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 118,341 shares, a growth of 85.2% from the May 31st total of 63,908 shares. Based on an average daily trading volume, of 419,642 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Eagle Capital Select Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EAGL. Jane Street Group LLC purchased a new position in Eagle Capital Select Equity ETF in the first quarter valued at $1,096,000. Raymond James Financial Inc. increased its holdings in shares of Eagle Capital Select Equity ETF by 26.7% in the second quarter. Raymond James Financial Inc. now owns 62,747 shares of the company’s stock valued at $1,894,000 after purchasing an additional 13,237 shares during the period. Bank of America Corp DE acquired a new position in Eagle Capital Select Equity ETF in the 2nd quarter valued at $383,000. Lazard Asset Management LLC lifted its holdings in shares of Eagle Capital Select Equity ETF by 137.5% in the 2nd quarter. Lazard Asset Management LLC now owns 539,338 shares of the company’s stock valued at $16,277,000 after buying an additional 312,291 shares during the period. Finally, Cresset Asset Management LLC increased its holdings in shares of Eagle Capital Select Equity ETF by 0.5% in the 3rd quarter. Cresset Asset Management LLC now owns 3,805,350 shares of the company’s stock valued at $118,955,000 after purchasing an additional 20,422 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Eagle Capital Select Equity ETF Stock Up 1.3%

EAGL stock opened at $32.59 on Thursday. Eagle Capital Select Equity ETF has a 52 week low of $29.20 and a 52 week high of $33.88. The stock has a market capitalization of $4.15 billion, a P/E ratio of 19.27 and a beta of 0.76. The firm has a 50-day simple moving average of $32.53 and a 200-day simple moving average of $32.19.

About Eagle Capital Select Equity ETF

The Eagle Capital Select Equity ETF (EAGL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in value stocks from around the globe, selected based on the advisers estimate of long-term intrinsic value. The ETF converted from a separately managed account. EAGL was launched on Mar 21, 2024 and is issued by Eagle.