Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Drops By 89.4%

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,187 shares, a drop of 89.4% from the May 14th total of 20,711 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 12,557 shares, the short-interest ratio is presently 0.2 days.

Absolute Select Value ETF Trading Up 0.2%

Absolute Select Value ETF stock traded up $0.09 during mid-day trading on Tuesday, hitting $37.09. The stock had a trading volume of 4,962 shares, compared to its average volume of 15,496. The stock has a 50-day simple moving average of $37.56 and a two-hundred day simple moving average of $37.45. The stock has a market capitalization of $137.97 million, a PE ratio of 18.77 and a beta of 0.45. Absolute Select Value ETF has a 12 month low of $33.89 and a 12 month 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.