AltShares Event-Driven ETF (NYSEARCA:EVNT) Shares Shorted: Short Interest Down 41.9% in September

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the recipient of a significant decrease in short interest in 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. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 3,638 shares, the days-to-cover ratio is presently 0.6 days.

AltShares Event-Driven ETF Trading Down 0.4%

Shares of NYSEARCA:EVNT traded down $0.05 during trading on Friday, hitting $12.22. 16 shares of the stock were exchanged, compared to its average volume of 4,615. AltShares Event-Driven ETF has a 12-month low of $10.35 and a 12-month high of $13.00. The company has a market cap of $13.08 million, a PE ratio of 18.53 and a beta of 0.31. The company has a fifty day moving average price of $12.28 and a two-hundred day moving average price of $12.10.

Institutional Trading of AltShares Event-Driven ETF

A hedge fund recently raised its position in AltShares Event-Driven ETF stock. Sonoma Allocations LLC raised its holdings in AltShares Event-Driven ETF (NYSEARCA:EVNT) by 22.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 425,333 shares of the company’s stock after acquiring an additional 76,878 shares during the period. AltShares Event-Driven ETF accounts for about 1.7% of Sonoma Allocations LLC’s holdings, making the stock its 15th biggest position. Sonoma Allocations LLC owned 41.29% of AltShares Event-Driven ETF worth $4,996,000 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.