Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Update

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 2,532 shares, a decrease of 57.5% from the May 31st total of 5,964 shares. Based on an average daily trading volume, of 5,625 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

Adaptiv Select ETF Stock Down 2.7%

Adaptiv Select ETF stock traded down $1.32 during mid-day trading on Wednesday, hitting $47.00. 8,206 shares of the company’s stock were exchanged, compared to its average volume of 13,587. The company’s 50 day simple moving average is $46.06 and its 200-day simple moving average is $44.52. The firm has a market capitalization of $182.36 million, a P/E ratio of 7.92 and a beta of 0.92. Adaptiv Select ETF has a fifty-two week low of $36.41 and a fifty-two week high of $49.71.

Hedge Funds Weigh In On Adaptiv Select ETF

A hedge fund recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC lifted its holdings in Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the quarter. West Michigan Advisors LLC owned about 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.

About Adaptiv Select ETF

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.