AltShares Event-Driven ETF (NYSEARCA:EVNT) Short Interest Down 48.3% in July

AltShares Event-Driven ETF (NYSEARCA:EVNT) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 2,748 shares, a decline of 48.3% from the July 15th total of 5,316 shares. Based on an average daily trading volume, of 5,148 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.

AltShares Event-Driven ETF Stock Performance

Shares of AltShares Event-Driven ETF stock traded down $0.02 on Tuesday, hitting $12.33. 1,718 shares of the company traded hands, compared to its average volume of 5,084. The stock has a market capitalization of $13.19 million, a P/E 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. The business has a 50-day simple moving average of $12.17 and a 200 day simple moving average of $11.91.

Institutional Trading of AltShares Event-Driven ETF

A hedge fund recently bought a new stake in AltShares Event-Driven ETF stock. Jane Street Group LLC bought a new position in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 27,235 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned about 5.93% of AltShares Event-Driven ETF at the end of the most recent reporting period.

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.