EVNT Stock Fund Price and Chart — AMEX:EVNT

Overview

Analysis Holdings News Discussions Technicals Seasonals

EVNT chart

Key stats

About AltShares Event-Driven ETF

EVNT focuses on event opportunities to generate return that is more correlated to the outcomes of idiosyncratic events than that of the broader equity and credit markets. By pursuing a long/short event-driven strategy, the fund seeks to profit by investing in equity and debt securities of companies whose prices are believed to be impacted by a publicly announced or anticipated corporate event. Such corporate events may take the form of hard and soft catalysts. Hard catalysts are characterized by definitive outcomes, shorter timelines, and lower volatility levels, such as publicly announced M&As, Dutch tenders, IPOs of SPACs, and spin-offs. Soft ones have the opposite characteristics, including speculated M&As, post-completion spin-offs, de-SPAC processes, and other corporate reorganizations. The fund will hold higher percentage in long positions, and will have no constraints with respect to issuer, geography, market cap, credit quality, sector or industry.

Classification

EVNT analysis

What's in the fund

Exposure type

Finance

Cash

Corporate

Stocks70.79%

Finance14.76%

Technology Services8.45%

Consumer Services6.48%

Consumer Non-Durables5.53%

Electronic Technology3.81%

Transportation3.38%

Health Technology3.32%

Energy Minerals3.28%

Health Services2.35%

Process Industries2.17%

Non-Energy Minerals2.08%

Retail Trade1.91%

Commercial Services1.74%

Industrial Services0.62%

Communications0.19%

Bonds, Cash & Other29.21%

Cash31.57%

Corporate15.50%

Rights & Warrants−0.07%

Miscellaneous−17.79%

Top 10 holdings

Technicals

Summarizing what the indicators are suggesting.

Oscillators

Neutral

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