AltShares Event-Driven ETF (NYSEARCA:EVNT – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 2,097 shares, a decrease of 41.9% from the September 15th total of 3,612 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 3,638 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Investors Weigh In On AltShares Event-Driven ETF
A hedge fund recently raised its position in AltShares Event-Driven ETF stock. Sonoma Allocations LLC lifted its position in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT – Free Report) by 22.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 425,333 shares of the company’s stock after purchasing an additional 76,878 shares during the quarter. AltShares Event-Driven ETF accounts for 1.7% of Sonoma Allocations LLC’s portfolio, making the stock its 15th largest position. Sonoma Allocations LLC owned approximately 41.29% of AltShares Event-Driven ETF worth $4,996,000 at the end of the most recent reporting period.
AltShares Event-Driven ETF Stock Performance
NYSEARCA:EVNT traded up $0.01 during mid-day trading on Thursday, hitting $12.23. The company had a trading volume of 12,364 shares, compared to its average volume of 4,661. AltShares Event-Driven ETF has a fifty-two week low of $10.35 and a fifty-two week high of $13.00. The firm has a market cap of $13.09 million, a P/E ratio of 18.53 and a beta of 0.31. The business’s fifty day moving average is $12.28 and its two-hundred day moving average is $12.09.
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.
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