Short Interest in Adaptiv Select ETF (NYSEARCA:ADPV) Drops By 30.9%

Adaptiv Select ETF (NYSEARCA:ADPV) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,800 shares, a decline of 30.9% from the September 30th total of 5,500 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 18,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 18,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Adaptiv Select ETF

A hedge fund recently raised its stake in Adaptiv Select ETF stock. Worth Asset Management LLC increased its stake in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 11.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,197 shares of the company’s stock after acquiring an additional 1,149 shares during the period. Worth Asset Management LLC owned approximately 0.29% of Adaptiv Select ETF worth $476,000 at the end of the most recent reporting period.

Adaptiv Select ETF Trading Down 3.0%

ADPV traded down $1.27 during midday trading on Tuesday, hitting $41.27. The company’s stock had a trading volume of 6,979 shares, compared to its average volume of 23,492. The firm has a market cap of $157.63 million, a P/E ratio of 7.92 and a beta of 0.99. Adaptiv Select ETF has a 52-week low of $32.81 and a 52-week high of $46.01. The firm has a 50-day moving average price of $42.60 and a two-hundred day moving average price of $38.81.

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.