Absolute Select Value ETF (NYSEARCA:ABEQ) Short Interest Up 77.5% in August

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 12,862 shares, an increase of 77.5% from the August 15th total of 7,246 shares. Based on an average daily volume of 17,287 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

Absolute Select Value ETF Stock Up 0.2%

Absolute Select Value ETF stock traded up $0.07 during trading on Thursday, hitting $38.62. The stock had a trading volume of 3,160 shares, compared to its average volume of 13,945. The stock’s 50 day moving average is $38.50 and its two-hundred day moving average is $38.00. Absolute Select Value ETF has a 1 year low of $34.31 and a 1 year high of $40.08. The stock has a market cap of $154.46 million, a price-to-earnings ratio of 18.77 and a beta of 0.45.

Absolute Select Value ETF Dividend Announcement

The company also recently declared a semiannual dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 26th were paid a dividend of $0.2265 per share. The ex-dividend date was Friday, June 26th. This represents a dividend yield of 120.0%.

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.