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AltShares Event-Driven ETF (EVNT)

Event Driven | Exchange Traded Fund | NYSEArca
11.98 USD +0.01 (0.096%) ⇧ (April 20, 2026, 1:53 p.m. EDT)

Short-term: ★★★★☆ | Long-term: ★★★☆☆ | Dividends: ★★☆☆☆
Hot Take | April 19, 2026, 12:08 a.m. EDT

Technical momentum is building as EVNT trades above both its 50-day and 200-day averages with a recent price correction from a new high, but the high volatility indicated by significant J-B value suggests mean reversion risk; longer-term conviction is limited by erratic recent dividend payouts and mediocre short-term forecast accuracy.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.003363
AutoETS0.006493
AutoARIMA0.006497
MSTL0.007567

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 57%
H-stat 2.16
Ljung-Box p 0.000
Jarque-Bera p 0.549
Excess Kurtosis 0.73

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
4.80% 4.80% 2.04%
Dividend History
Date Dividend Yield %
2025-12-18 0.551 4.797562
2024-12-18 0.071 0.706753
2023-12-14 0.060 0.624245
2022-12-15 0.236 2.716682
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 0.41

Info Dump

Attribute Value
All Time High 13.54
All Time Low 8.85
Ask 12.01
Ask Size 100
Average Daily Volume10 Day 3,010
Average Daily Volume3 Month 6,562
Average Volume 6,562
Average Volume10Days 3,010
Beta3 Year 0.36
Bid 11.89
Bid Size 100
Category Event Driven
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 11.9765
Day Low 11.9101
Dividend Yield 0.41
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 11.7301
Fifty Day Average Change 0.24639988
Fifty Day Average Change Percent 0.02100578
Fifty Two Week Change Percent 11.3104105
Fifty Two Week High 13.54
Fifty Two Week High Change -1.5635004
Fifty Two Week High Change Percent -0.115472704
Fifty Two Week Low 10.35
Fifty Two Week Low Change 1.6264992
Fifty Two Week Low Change Percent 0.15714967
Fifty Two Week Range 10.35 - 13.54
First Trade Date Milliseconds 1,632,144,600,000
Five Year Average Return 0.0397974
Full Exchange Name NYSEArca
Fund Family AltShares
Fund Inception Date 1,419,984,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary To pursue the fund's investment objective, the adviser employs a "long/short" event-driven strategy, which seeks to profit by investing, long and/or short, in the equity and debt securities of companies whose prices Water Island Capital, LLC (the "adviser") believes are or will be impacted by a publicly announced or anticipated corporate event. The adviser will hold a higher percentage of the fund's assets in long positions. The fund is non-diversified.
Long Name AltShares Event-Driven ETF
Market us_market
Market State REGULAR
Max Age 86,400
Message Board Id finmb_275148064
Nav Price 11.96
Net Assets 12,039,156.0
Net Expense Ratio 1.33
Open 11.9101
Phone 800-560-8210
Previous Close 11.965
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change 0.0114994
Regular Market Change Percent 0.0961087
Regular Market Day High 11.9765
Regular Market Day Low 11.9101
Regular Market Day Range 11.9101 - 11.9765
Regular Market Open 11.9101
Regular Market Previous Close 11.965
Regular Market Price 11.9765
Regular Market Time 1,776,707,580
Regular Market Volume 1,538
Short Name AltShares Event-Driven ETF
Source Interval 15
Symbol EVNT
Three Year Average Return 0.10030989
Total Assets 12,039,156
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 1.47441
Trailing Three Month Returns 1.47441
Triggerable 1
Two Hundred Day Average 11.755995
Two Hundred Day Average Change 0.22050476
Two Hundred Day Average Change Percent 0.018756794
Type Disp ETF
Volume 1,538
Yield 0.0041
Ytd Return 1.47441