American Conservative Values ETF (NYSEARCA:ACVF) Sees Large Drop in Short Interest

American Conservative Values ETF (NYSEARCA:ACVF) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 2,697 shares, a drop of 38.1% from the August 31st total of 4,354 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 3,064 shares, the days-to-cover ratio is currently 0.9 days.

American Conservative Values ETF Trading Up 0.3%

NYSEARCA:ACVF traded up $0.17 during mid-day trading on Thursday, reaching $54.59. 3,220 shares of the stock were exchanged, compared to its average volume of 6,304. The business has a fifty day moving average price of $55.06 and a 200 day moving average price of $53.04. American Conservative Values ETF has a 1-year low of $46.50 and a 1-year high of $56.90. The firm has a market capitalization of $152.85 million, a PE ratio of 25.85 and a beta of 0.95.

American Conservative Values ETF Cuts Dividend

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

Institutional Investors Weigh In On American Conservative Values ETF

Large investors have recently modified their holdings of the stock. Brookstone Capital Management lifted its holdings in shares of American Conservative Values ETF by 5.8% during the first quarter. Brookstone Capital Management now owns 25,927 shares of the company’s stock valued at $1,234,000 after purchasing an additional 1,413 shares during the last quarter. Fairman Group LLC raised its holdings in shares of American Conservative Values ETF by 130.1% during the first quarter. Fairman Group LLC now owns 11,452 shares of the company’s stock valued at $545,000 after acquiring an additional 6,476 shares during the period. Ascentis Independent Advisors grew its position in American Conservative Values ETF by 4.2% during the 1st quarter. Ascentis Independent Advisors now owns 6,588 shares of the company’s stock worth $314,000 after purchasing an additional 264 shares in the last quarter. D.A. Davidson & CO. raised its stake in American Conservative Values ETF by 3.7% during the 1st quarter. D.A. Davidson & CO. now owns 6,142 shares of the company’s stock valued at $292,000 after purchasing an additional 220 shares during the period. Finally, HB Wealth Management LLC purchased a new stake in shares of American Conservative Values ETF in the second quarter valued at $281,000.

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.