Absolute Select Value ETF (NYSEARCA:ABEQ) Short Interest Up 211.8% in June

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 6,818 shares, an increase of 211.8% from the May 31st total of 2,187 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 11,316 shares, the days-to-cover ratio is currently 0.6 days.

Absolute Select Value ETF Trading Down 0.8%

Shares of NYSEARCA ABEQ opened at $37.35 on Tuesday. The firm’s 50-day moving average price is $37.42 and its 200-day moving average price is $37.59. Absolute Select Value ETF has a 1-year low of $33.89 and a 1-year high of $40.08. The firm has a market capitalization of $138.94 million, a P/E ratio of 18.77 and a beta of 0.45.

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.