Adaptiv Select ETF (NYSEARCA:ADPV) Shares Shorted: Short Interest Up 1,093.3% in September
by Danessa Lincoln · The Markets DailyAdaptiv Select ETF (NYSEARCA:ADPV – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 18,985 shares, a growth of 1,093.3% from the September 15th total of 1,591 shares. Based on an average trading volume of 11,900 shares, the short-interest ratio is currently 1.6 days. Approximately 0.5% of the company’s stock are sold short.
Adaptiv Select ETF Stock Up 0.9%
Adaptiv Select ETF stock traded up $0.39 during midday trading on Friday, reaching $44.28. The company’s stock had a trading volume of 7,935 shares, compared to its average volume of 12,097. Adaptiv Select ETF has a fifty-two week low of $38.57 and a fifty-two week high of $49.71. The company has a market cap of $177.12 million, a P/E ratio of 7.92 and a beta of 0.92. The business has a 50-day simple moving average of $44.73 and a 200-day simple moving average of $44.99.
Adaptiv Select ETF Company Profile
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.