Absolute Select Value ETF (NYSEARCA:ABEQ) Sees Significant Decrease in Short Interest

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 3,355 shares, a drop of 50.8% from the June 15th total of 6,818 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 11,909 shares, the short-interest ratio is currently 0.3 days.

Absolute Select Value ETF Stock Performance

NYSEARCA ABEQ opened at $37.42 on Friday. Absolute Select Value ETF has a twelve month low of $33.95 and a twelve month high of $40.08. The stock has a market cap of $141.45 million, a PE ratio of 18.77 and a beta of 0.45. The firm has a 50-day simple moving average of $37.36 and a 200 day simple moving average of $37.70.

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.