Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Update

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 5,964 shares, a decline of 61.2% from the May 14th total of 15,360 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 13,526 shares, the days-to-cover ratio is presently 0.4 days.

Adaptiv Select ETF Stock Up 2.5%

Shares of ADPV stock traded up $1.20 during trading on Friday, reaching $48.80. 5,713 shares of the company’s stock were exchanged, compared to its average volume of 13,405. The stock has a market capitalization of $189.34 million, a PE ratio of 7.92 and a beta of 0.92. Adaptiv Select ETF has a twelve month low of $34.12 and a twelve month high of $48.80. The firm’s fifty day moving average price is $44.68 and its 200-day moving average price is $44.09.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC increased its holdings in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,700 shares of the company’s stock after acquiring an additional 816 shares during the quarter. West Michigan Advisors LLC owned about 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.

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.