American Conservative Values ETF (NYSEARCA:ACVF) Stock Short Interest Drops 38.1%

American Conservative Values ETF (NYSEARCA:ACVF) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,697 shares, a decline of 38.1% from the August 31st total of 4,354 shares. Based on an average trading volume of 3,064 shares, the short-interest ratio is presently 0.9 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ACVF. RMG Wealth Management LLC purchased a new position in American Conservative Values ETF during the 1st quarter worth $92,000. Western Wealth Management LLC purchased a new stake in shares of American Conservative Values ETF during the 1st quarter worth approximately $111,000. Harbour Investments Inc. increased its position in American Conservative Values ETF by 3,562.6% in the fourth quarter. Harbour Investments Inc. now owns 4,798 shares of the company’s stock worth $237,000 after buying an additional 4,667 shares during the last quarter. HB Wealth Management LLC bought a new stake in American Conservative Values ETF in the 2nd quarter valued at about $281,000. Finally, Baer Investment Advisory LLC bought a new stake in shares of American Conservative Values ETF in the first quarter valued at approximately $247,000.

American Conservative Values ETF Price Performance

Shares of ACVF stock traded up $0.37 on Friday, reaching $55.10. 5,903 shares of the company were exchanged, compared to its average volume of 6,316. The company has a 50-day moving average of $55.09 and a 200-day moving average of $53.08. American Conservative Values ETF has a one year low of $46.50 and a one year high of $56.90. The company has a market cap of $154.29 million, a price-to-earnings ratio of 25.85 and a beta of 0.95.

American Conservative Values ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Wednesday, September 23rd were issued a $0.0557 dividend. The ex-dividend date was Wednesday, September 23rd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. This is a decrease from American Conservative Values ETF’s previous quarterly dividend of $0.0673.

American Conservative Values ETF Company Profile

The American Conservative Values ETF (ACVF) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies that are perceived to align with political conservative values. ACVF was launched on Oct 29, 2020 and is managed by ACV.