AltShares Event-Driven ETF (NYSEARCA:EVNT) Short Interest Up 79.4% in May

AltShares Event-Driven ETF (NYSEARCA:EVNT) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 2,219 shares, a growth of 79.4% from the May 14th total of 1,237 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 3,652 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of AltShares Event-Driven ETF

An institutional investor recently raised its position in AltShares Event-Driven ETF stock. Sonoma Allocations LLC lifted its holdings in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT) by 22.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 425,333 shares of the company’s stock after buying an additional 76,878 shares during the quarter. AltShares Event-Driven ETF comprises 1.7% of Sonoma Allocations LLC’s investment portfolio, making the stock its 15th biggest position. Sonoma Allocations LLC owned about 41.29% of AltShares Event-Driven ETF worth $4,996,000 as of its most recent SEC filing.

AltShares Event-Driven ETF Trading Up 0.3%

Shares of EVNT stock opened at $12.02 on Wednesday. The stock has a market capitalization of $12.38 million, a P/E ratio of 18.53 and a beta of 0.32. The firm’s 50 day moving average is $11.89 and its 200 day moving average is $11.77. AltShares Event-Driven ETF has a 12 month low of $10.35 and a 12 month high of $13.54.

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.