Aptus Defined Risk ETF (BATS:DRSK) Reaches New 52-Week Low – Time to Sell?

Aptus Defined Risk ETF (BATS:DRSK)’s share price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $27.10 and last traded at $27.12, with a volume of 5122 shares trading hands. The stock had previously closed at $27.44.

Aptus Defined Risk ETF Price Performance

The company has a market capitalization of $1.20 billion, a P/E ratio of 26.47 and a beta of 0.37. The firm’s 50-day moving average is $28.25 and its 200-day moving average is $28.46.

Institutional Investors Weigh In On Aptus Defined Risk ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DRSK. Valeo Financial Advisors LLC purchased a new position in shares of Aptus Defined Risk ETF in the second quarter worth $408,000. Compass Financial Management LLC bought a new position in shares of Aptus Defined Risk ETF during the 2nd quarter valued at about $103,000. Finally, Parallel Advisors LLC grew its position in shares of Aptus Defined Risk ETF by 3.7% during the fourth quarter. Parallel Advisors LLC now owns 15,699 shares of the company’s stock valued at $447,000 after purchasing an additional 565 shares in the last quarter.

Aptus Defined Risk ETF Company Profile

The Aptus Defined Risk ETF (DRSK) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that combines US corporate bond exposure with an overlay of call options on US large-cap stocks. The fund seeks income and capital appreciation. DRSK was launched on Aug 8, 2018 and is managed by Aptus.