Short Interest in American Conservative Values ETF (NYSEARCA:ACVF) Grows By 2,123.4%

American Conservative Values ETF (NYSEARCA:ACVF) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 20,011 shares, an increase of 2,123.4% from the April 15th total of 900 shares. Based on an average daily volume of 8,201 shares, the short-interest ratio is presently 2.4 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in shares of American Conservative Values ETF during the 4th quarter valued at about $85,000. Larson Financial Group LLC bought a new position in shares of American Conservative Values ETF during the 3rd quarter valued at about $94,000. Bank of Montreal Can boosted its holdings in shares of American Conservative Values ETF by 10.9% during the 4th quarter. Bank of Montreal Can now owns 2,090 shares of the company’s stock valued at $103,000 after purchasing an additional 206 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of American Conservative Values ETF by 3,562.6% during the 4th quarter. Harbour Investments Inc. now owns 4,798 shares of the company’s stock valued at $237,000 after purchasing an additional 4,667 shares during the last quarter. Finally, Baer Investment Advisory LLC bought a new position in shares of American Conservative Values ETF during the 1st quarter valued at about $247,000.

American Conservative Values ETF Stock Down 0.3%

NYSEARCA ACVF traded down $0.16 during trading hours on Wednesday, reaching $52.41. The company’s stock had a trading volume of 5,697 shares, compared to its average volume of 7,098. The firm’s 50-day moving average price is $49.73 and its 200-day moving average price is $49.62. American Conservative Values ETF has a 1 year low of $44.32 and a 1 year high of $52.70. The company has a market capitalization of $148.32 million, a price-to-earnings ratio of 25.85 and a beta of 0.95.

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.