Short Interest in Kovitz Core Equity ETF (NYSEARCA:EQTY) Rises By 108.0%
by Mitch Edgeman · The Markets DailyKovitz Core Equity ETF (NYSEARCA:EQTY – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 3,961 shares, a growth of 108.0% from the August 15th total of 1,904 shares. Based on an average daily trading volume, of 14,216 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.
Kovitz Core Equity ETF Price Performance
EQTY stock traded up $0.02 during midday trading on Wednesday, hitting $29.12. 11,389 shares of the stock traded hands, compared to its average volume of 32,187. The firm has a market cap of $1.43 billion, a P/E ratio of 27.78 and a beta of 0.93. The stock’s fifty day simple moving average is $29.25 and its 200-day simple moving average is $27.84. Kovitz Core Equity ETF has a 1-year low of $24.74 and a 1-year high of $30.06.
Institutional Investors Weigh In On Kovitz Core Equity ETF
A hedge fund recently bought a new stake in Kovitz Core Equity ETF stock. Basepoint Wealth LLC purchased a new stake in Kovitz Core Equity ETF (NYSEARCA:EQTY – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,542 shares of the company’s stock, valued at approximately $69,000.
About Kovitz Core Equity ETF
The Kovitz Core Equity ETF (EQTY) is an exchange-traded fund that mostly invests in total market equity. The fund is a narrow, core equity portfolio of companies believed by the adviser to be high quality and undervalued. The actively managed fund invests in large- and mid-cap companies around the globe. EQTY was launched on Dec 28, 2011 and is managed by Kovitz.