Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Declines By 20.8%

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 19,319 shares, a decline of 20.8% from the March 31st total of 24,385 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 13,345 shares, the days-to-cover ratio is currently 1.4 days.

Absolute Select Value ETF Price Performance

Shares of NYSEARCA ABEQ traded down $0.17 during mid-day trading on Friday, reaching $37.59. 4,195 shares of the company’s stock traded hands, compared to its average volume of 16,059. The stock has a market cap of $139.83 million, a P/E ratio of 18.77 and a beta of 0.51. The business has a 50-day simple moving average of $38.28 and a 200 day simple moving average of $37.04. Absolute Select Value ETF has a 1-year low of $33.46 and a 1-year high of $40.08.

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.