Absolute Select Value ETF (NYSEARCA:ABEQ) Shares Shorted: Short Interest Down 76.3% in September

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4,297 shares, a decrease of 76.3% from the September 15th total of 18,129 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,240 shares, the days-to-cover ratio is currently 0.4 days.

Absolute Select Value ETF Trading Up 0.5%

ABEQ stock traded up $0.18 during trading hours on Tuesday, hitting $38.35. 4,652 shares of the stock traded hands, compared to its average volume of 13,556. The stock has a 50-day simple moving average of $38.51 and a 200 day simple moving average of $37.91. Absolute Select Value ETF has a one year low of $34.31 and a one year high of $40.08. The company has a market cap of $141.89 million, a P/E ratio of 18.77 and a beta of 0.45.

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.