Absolute Select Value ETF (NYSEARCA:ABEQ) Short Interest Update

Absolute Select Value ETF (NYSEARCA:ABEQ) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 13,921 shares, a decrease of 44.3% from the January 29th total of 24,977 shares. Based on an average trading volume of 13,178 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 13,178 shares, the days-to-cover ratio is presently 1.1 days.

Absolute Select Value ETF Trading Down 0.2%

Absolute Select Value ETF stock traded down $0.09 during midday trading on Monday, reaching $39.97. 16,186 shares of the stock traded hands, compared to its average volume of 17,806. Absolute Select Value ETF has a fifty-two week low of $30.86 and a fifty-two week high of $40.08. The firm has a market cap of $135.90 million, a price-to-earnings ratio of 18.77 and a beta of 0.53. The firm has a fifty day moving average price of $37.61 and a two-hundred day moving average price of $36.27.

Absolute Select Value ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were issued a $0.2247 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 125.0%.

Absolute Select Value ETF Company Profile

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.