Company Description
Eventide High Dividend ETF (NYSE Arca: ELCV) is an exchange-traded fund focused on high-quality, dividend-paying large-cap companies. The fund was launched by Eventide Asset Management, LLC, a Boston-based investment adviser, as the firm's entry into the ETF market. ELCV is designed around an income-oriented equity strategy that combines dividend exposure with Eventide's values-based investment framework.
The fund's stated objective is income, income growth, and long-term capital appreciation. Its portfolio is constructed as a high-conviction collection of dividend-paying companies across sectors, with a target range of approximately 30 to 50 holdings. The strategy emphasizes companies that Eventide identifies as resilient, high quality, and aligned with its investment ethos.
ELCV uses the Bloomberg US 1000 Value Total Return Index as its benchmark. The fund's equity focus places it within the large-cap value and dividend-income segment of the ETF market, while its adviser applies a mission-oriented due diligence process associated with Eventide's broader investment platform.
Eventide Asset Management was founded in 2008 and serves individuals, financial advisors, and institutions through investment products that incorporate the firm's stated mission of investing in companies it believes contribute positively to society. ELCV began with an inception date of September 30, 2024 and trades on NYSE Arca under the symbol ELCV.
Stock Performance
Eventide High Dividend ETF (ELCV) stock last traded at $32.13, down 0.01% from the previous close. Over the past 12 months, the stock has gained 26.1%.
Latest News
Eventide High Dividend ETF has 2 recent news articles. Of the recent coverage, 1 article coincided with positive price movement and 0 with negative movement. Key topics include dividends. View all ELCV news →
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Short Interest History
Short interest in Eventide High Dividend ETF (ELCV) currently stands at 128.6 thousand shares, up 457.9% from the previous reporting period, representing 1.6% of the shares outstanding. Over the past 12 months, short interest has increased by 3356%.
Days to Cover History
Days to cover for Eventide High Dividend ETF (ELCV) currently stands at 3.3 days, up 228% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 228% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 3.3 days.