Adaptiv Select ETF (NYSEARCA:ADPV) Sees Significant Decrease in Short Interest

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 263 shares, a decline of 96.2% from the July 30th total of 6,913 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,363 shares, the days-to-cover ratio is presently 0.0 days.

Adaptiv Select ETF Stock Performance

Shares of NYSEARCA ADPV traded up $0.23 during trading on Tuesday, hitting $45.05. The company had a trading volume of 23,006 shares, compared to its average volume of 12,748. The company has a market cap of $179.75 million, a P/E ratio of 7.92 and a beta of 0.92. Adaptiv Select ETF has a 52 week low of $38.57 and a 52 week high of $49.71. The business’s 50-day moving average is $46.00 and its 200 day moving average is $44.82.

Adaptiv Select ETF Company Profile

The Adaptiv Select ETF (ADPV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that toggles between US large-cap equities and short-term US Treasurys, based on momentum. The fund’s strategy aims to limit drawdowns during market downtrends. ADPV was launched on Nov 4, 2022 and is managed by Adaptiv.