Eventide High Dividend ETF (NYSEARCA:ELCV) Stock Short Interest Drops 55.6%

by · The Markets Daily

Eventide High Dividend ETF (NYSEARCA:ELCV – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 25,318 shares, a decrease of 55.6% from the September 30th total of 56,969 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 58,416 shares, the short-interest ratio is presently 0.4 days.

Eventide High Dividend ETF Price Performance

ELCV stock traded down $0.15 during midday trading on Friday, reaching $31.79. 31,399 shares of the stock were exchanged, compared to its average volume of 51,274. The stock has a market capitalization of $321.08 million, a PE ratio of 22.31 and a beta of 0.67. Eventide High Dividend ETF has a 52 week low of $25.96 and a 52 week high of $33.19. The company has a fifty day moving average price of $31.17 and a 200 day moving average price of $30.64.

Eventide High Dividend ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.1177 per share. This represents a $0.47 annualized dividend and a dividend yield of 1.5%. This is a decrease from Eventide High Dividend ETF’s previous quarterly dividend of $0.3013. The ex-dividend date was Tuesday, September 29th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Eventide High Dividend ETF stock. EverSource Wealth Advisors LLC increased its holdings in shares of Eventide High Dividend ETF (NYSEARCA:ELCV – Free Report) by 66.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,993 shares of the company’s stock after buying an additional 24,443 shares during the period. EverSource Wealth Advisors LLC owned about 0.91% of Eventide High Dividend ETF worth $1,769,000 at the end of the most recent quarter.

About Eventide High Dividend ETF

(Get Free Report)

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.

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