Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Drops By 89.4%
by Amy Steele · The Cerbat GemAbsolute Select Value ETF (NYSEARCA:ABEQ – Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,187 shares, a drop of 89.4% from the May 14th total of 20,711 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 12,557 shares, the short-interest ratio is presently 0.2 days.
Absolute Select Value ETF Stock Performance
ABEQ traded up $0.09 during midday trading on Tuesday, reaching $37.09. 4,962 shares of the company were exchanged, compared to its average volume of 15,496. Absolute Select Value ETF has a one year low of $33.89 and a one year high of $40.08. The stock has a market capitalization of $137.97 million, a P/E ratio of 18.77 and a beta of 0.45. The stock’s 50-day simple moving average is $37.56 and its 200 day simple moving average is $37.45.
About Absolute Select Value ETF
The Absolute Select Value ETF (ABEQ) is an exchange-traded fund that is based on the SSGA Total Stock Market index. The fund is an actively-managed portfolio of US stocks seeking positive absolute returns. ABEQ was launched on Jan 22, 2020 and is managed by Absolute.