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

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 3,226 shares, an increase of 58.4% from the February 26th total of 2,037 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 14,019 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Adaptiv Select ETF

A hedge fund recently raised its stake in Adaptiv Select ETF stock. Worth Asset Management LLC increased its position in Adaptiv Select ETF (NYSEARCA:ADPV) by 11.4% during the third quarter, according to the company in 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 at the end of the most recent reporting period.

Adaptiv Select ETF Stock Down 0.6%

Shares of NYSEARCA:ADPV traded down $0.25 during trading on Friday, hitting $41.83. The stock had a trading volume of 20,868 shares, compared to its average volume of 13,847. The company has a market capitalization of $157.28 million, a PE ratio of 7.92 and a beta of 0.99. The firm’s fifty day moving average is $43.91 and its 200 day moving average is $43.40. Adaptiv Select ETF has a 12 month low of $33.56 and a 12 month high of $46.31.

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.