Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Update

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 2,037 shares, a decrease of 51.4% from the February 12th total of 4,193 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 8,968 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 8,968 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Adaptiv Select ETF Stock Down 0.2%

Shares of ADPV traded down $0.07 during trading hours on Friday, reaching $40.77. The company’s stock had a trading volume of 6,524 shares, compared to its average volume of 14,494. The company has a 50 day moving average of $44.60 and a two-hundred day moving average of $43.30. The firm has a market cap of $153.30 million, a price-to-earnings ratio of 7.92 and a beta of 0.99. Adaptiv Select ETF has a 1-year low of $33.56 and a 1-year high of $46.31.

Institutional Investors Weigh In On Adaptiv Select ETF

An institutional investor recently raised its position in Adaptiv Select ETF stock. West Michigan Advisors LLC boosted its holdings in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,700 shares of the company’s stock after acquiring an additional 816 shares during the quarter. West Michigan Advisors LLC owned approximately 0.23% of Adaptiv Select ETF worth $373,000 at the end of the most recent reporting period.

About Adaptiv Select ETF

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.