EVNT vs. EHLS ETF Comparison
Comparison of AltShares Event-Driven ETF (EVNT) to Even Herd Long Short ETF (EHLS)
EVNT
AltShares Event-Driven ETF
EVNT Description
AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.
Grade (RS Rating)
Last Trade
$9.95
Average Daily Volume
740
39
EHLS
Even Herd Long Short ETF
EHLS Description
EHLS seeks long-term capital appreciation through a momentum-focused strategy that takes both long and short positions in US equity securities. In selecting securities, the fund employs a proprietary algorithm that emphasizes a dynamic, trend-focused analysis, instead of a strictly bottom-up valuation analysis, driven by price movements and other data points based on market trends and stock momentum. The sub-adviser may adjust its proprietary system that is continuously optimized and refined. The fund strategy involves taking long positions in equity securities exhibiting strong upward momentum and short positions in those showing downward momentum. The actively managed fund targets a net equity exposure from 40% to 90% net long, subject to adjustments based on market conditions. The fund aims to maintain 100% long and 10-60% short exposure. Short sales may include entering into swap agreements or the use of leverage.Grade (RS Rating)
Last Trade
$20.34
Average Daily Volume
2,640
10
Performance
| Period | EVNT | EHLS |
|---|---|---|
| 30 Days | 0.73% | -1.84% |
| 60 Days | 0.78% | -0.38% |
| 90 Days | -0.22% | -0.62% |
| 12 Months | 4.59% |
0 Overlapping Holdings
| Symbol | Grade | Weight in EVNT | Weight in EHLS | Overlap |
|---|
EVNT Overweight 39 Positions Relative to EHLS
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | D | 4.67% | |
| PXD | B | 4.56% | |
| OLK | A | 4.07% | |
| ANSS | C | 2.97% | |
| CERE | C | 2.67% | |
| AXNX | B | 2.5% | |
| JNPR | B | 2.5% | |
| MDC | A | 2.5% | |
| SIMO | B | 2.02% | |
| MGRC | D | 2.02% | |
| X | C | 1.94% | |
| VFC | D | 1.86% | |
| CCI | D | 1.78% | |
| TGNA | D | 1.76% | |
| BA | C | 1.71% | |
| AMED | A | 1.49% | |
| PARA | C | 1.35% | |
| CZR | C | 1.25% | |
| EVBG | B | 1.24% | |
| CPRI | D | 1.2% | |
| SATS | B | 1.16% | |
| RIVN | C | 1.09% | |
| AURA | F | 1.09% | |
| RAMP | C | 1.05% | |
| DOOR | A | 1.01% | |
| CTLT | B | 0.96% | |
| PACB | F | 0.94% | |
| BE | D | 0.89% | |
| PNM | D | 0.85% | |
| INTC | C | 0.82% | |
| VZIO | B | 0.73% | |
| DIS | D | 0.66% | |
| WBD | F | 0.63% | |
| PINS | B | 0.5% | |
| SNOW | D | 0.45% | |
| ZLAB | F | 0.43% | |
| APA | F | 0.21% | |
| WSC | F | -0.77% | |
| SNPS | B | -1.53% |
EVNT: Top Represented Industries & Keywords
EHLS: Top Represented Industries & Keywords
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