Adaptiv Select ETF (NYSEARCA:ADPV) Sees Significant Growth in Short Interest

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 4,193 shares, an increase of 144.2% from the January 29th total of 1,717 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 13,704 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 13,704 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Adaptiv Select ETF

A hedge fund recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC raised its position in Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,700 shares of the company’s stock after acquiring an additional 816 shares during the quarter. West Michigan Advisors LLC owned 0.23% of Adaptiv Select ETF worth $373,000 at the end of the most recent quarter.

Adaptiv Select ETF Trading Down 1.7%

NYSEARCA:ADPV opened at $45.15 on Friday. The company’s 50 day moving average is $44.86 and its two-hundred day moving average is $43.19. The company has a market cap of $169.76 million, a PE ratio of 7.92 and a beta of 0.99. Adaptiv Select ETF has a twelve month low of $32.81 and a twelve month 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.