AltShares Event-Driven ETF (NYSEARCA:EVNT) Short Interest Up 332.9% in July

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,316 shares, an increase of 332.9% from the June 30th total of 1,228 shares. Based on an average daily volume of 2,509 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.5% of the shares of the stock are short sold.

AltShares Event-Driven ETF Stock Performance

Shares of AltShares Event-Driven ETF stock remained flat at $12.19 during mid-day trading on Monday. 321 shares of the company were exchanged, compared to its average volume of 5,479. The company has a market capitalization of $12.56 million, a P/E ratio of 18.53 and a beta of 0.31. The company has a fifty day simple moving average of $12.04 and a 200-day simple moving average of $11.84. AltShares Event-Driven ETF has a 1-year low of $10.35 and a 1-year high of $13.54.

Institutional Trading of AltShares Event-Driven ETF

An institutional investor recently bought a new stake in AltShares Event-Driven ETF stock. Jane Street Group LLC bought a new stake in AltShares Event-Driven ETF (NYSEARCA:EVNT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 quarter.

AltShares Event-Driven ETF Company Profile

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.