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

Absolute Select Value ETF (NYSEARCA:ABEQ) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 7,246 shares, an increase of 4,400.6% from the July 30th total of 161 shares. Based on an average trading volume of 9,712 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Absolute Select Value ETF Stock Performance

Shares of ABEQ stock opened at $39.37 on Wednesday. The stock’s 50-day moving average is $38.06 and its two-hundred day moving average is $38.03. The firm has a market cap of $147.64 million, a price-to-earnings ratio of 18.77 and a beta of 0.45. Absolute Select Value ETF has a 1 year low of $34.31 and a 1 year high of $40.08.

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.