Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Down 54.7% in April
by Jessica Moore · The Cerbat GemAdaptiv Select ETF (NYSEARCA:ADPV – Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 2,116 shares, a drop of 54.7% from the March 31st total of 4,666 shares. Based on an average trading volume of 20,253 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.
Hedge Funds Weigh In On Adaptiv Select ETF
An institutional investor recently raised its position in Adaptiv Select ETF stock. Worth Asset Management LLC grew its position in Adaptiv Select ETF (NYSEARCA:ADPV – Free Report) by 11.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,197 shares of the company’s stock after purchasing an additional 1,149 shares during the period. Worth Asset Management LLC owned approximately 0.29% of Adaptiv Select ETF worth $476,000 as of its most recent SEC filing.
Adaptiv Select ETF Stock Performance
Adaptiv Select ETF stock traded down $0.66 during trading on Tuesday, hitting $42.92. The company’s stock had a trading volume of 3,118 shares, compared to its average volume of 14,920. The stock has a market capitalization of $164.38 million, a price-to-earnings ratio of 7.92 and a beta of 1.00. The stock’s fifty day moving average is $42.77 and its 200 day moving average is $43.39. Adaptiv Select ETF has a 1-year low of $33.56 and a 1-year high of $46.31.
About Adaptiv Select ETF
The Adaptiv Select ETF (ADPV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that toggles between US large-cap equities and short-term US Treasurys, based on momentum. The fund’s strategy aims to limit drawdowns during market downtrends. ADPV was launched on Nov 4, 2022 and is managed by Adaptiv.