Envestnet, Inc Short Interest Update

Envestnet, Inc (NYSE:ENV) has witnessed a rise of 2% or 34,522 shares in its short figure. The short interest augmentation took it from 1,740,592 on May 29,2015 to 1,775,114 on June 15,2015. In terms of floated shares, the short interest was calculated to be 5.2%. The days to cover are 6 given that the daily volume averaged 287,789 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th.

The company shares have dropped 10.66% in the past 52 Weeks. On March 20, 2015 The shares registered one year high of $58.21 and one year low was seen on October 13, 2014 at $37.76. The 50-day moving average is $45.1 and the 200 day moving average is recorded at $50.88. SP 500 has rallied 8.87% during the last 52-weeks.

Envestnet, Inc (NYSE:ENV) : On Thursday heightened volatility was witnessed in Envestnet, Inc (NYSE:ENV) which led to swings in the share price. The shares opened for trading at $42.8 and hit $43.12 on the upside , eventually ending the session at $42.89, with a gain of 0.66% or 0.28 points. The heightened volatility saw the trading volume jump to 176,876 shares. The 52-week high of the share price is $58.21 and the company has a market cap of $1,514 million. The 52-week low of the share price is at $37.76 .

Envestnet, Inc. (Envestnet), is a provider of wealth management solutions to financial advisors and institutions. Through its wealth management offerings, including Envestnet Advisor Suite and Envestnet PMC, it delivers a Web-based gateway to expert, objective, integrated wealth management solutions. Its centrally-hosted technology platform provides financial advisors with a range of investment solutions, services, investment managers and custodians to identify those that are appropriate for their clients. In December 2011, it acquired FundQuest Inc. In April 2012, it acquired Prima Capital Holding, Inc. In May 2012, the Company acquired Tamarac Inc. In July 2013, Envestnet Inc completed the acquisition of the assets of the Wealth Management Solutions division of Prudential Investments. In July 2014, the Companys subsidiary Envestnet Retirement Solutions, completed acquisition of Klein Decisions Inc.

Posted by

For any feedback, suggestions and tips, contact author at Kristin.Jeffcoat@thedailyrover.com

  • China

    China Continues Uptrend, India Plunges on Weak Monsoon Forecasts

    Asian shares were mostly lower in the trading session today on the back of the weak trading session in the US markets. Also, traders are closely watching the developments in Greece as many believe that if a deal isn’t reached in the next couple of days, it would lead to Greece exiting the Eurozone which

  • Fitbit Files for IPO

    Fitbit Files for IPO, To Raise $358 Million

    Fitbit, a maker of wearable activity tracking devices is looking to raise up to $358 million in an initial public offering, according to a regulatory filing made by the company on Tuesday. According to the filing, the company plans to sell close to 22 million Class A shares for $14 to $16 with some stakeholders

  • gold commodity

    Gold Unable To Break Above $1200: Downside Ahead?

    Gold which was mostly higher in the Asian trading session on the back of strong economic reports coming out of China was unable to sustain at higher levels which is being seen as a huge negative. Traders believe that gold came under massive selling pressure after it was unable to move above the psychological level

  • Reserve Bank of India

    Asia Higher, All Eyes on Reserve Bank of India Policy Tomorrow

    Asian shares were mostly higher in trade today on the back of positive economic reports coming out of the Chinese economy. The Shanghai composite continued to rally in trade today on the back of the positive economic reports and expectations for further easing. Most Asian currencies were higher in trade today on the back of

  • Bank deposits in Greece

    Greece Faces Confidence Crisis: Run on the Banks Underway in Athens?

    Bank deposits in Greece have hit their lowest in more than a decade, according to data released Friday, as Greeks concerned about the painfully slow pace of their government’s talks with bailout creditors withdrew savings in an orderly but steady flow which is being seen as a huge negative. European Central Bank figures showed more

  • IRS Information Theft

    Congress Launches Investigation into IRS Information Theft

    IRS investigators believe the identity thieves who stole the personal tax information of more than 100,000 taxpayers from an IRS website are part of a sophisticated criminal operation based in Russia. The information was stolen as part of an elaborate scheme to claim fraudulent tax refunds, IRS Commissioner John Koskinen told reporters. Koskinen declined to

    Open all references in tabs: [1 – 7]

    Tags:

    Saturday, June 27th, 2015 EN

No comments yet.

Leave a comment

You must be logged in to post a comment.