Short Interest in Adaptiv Select ETF (NYSEARCA:ADPV) Expands By 714.6%

Adaptiv Select ETF (NYSEARCA:ADPV) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 17,236 shares, an increase of 714.6% from the April 15th total of 2,116 shares. Based on an average daily volume of 15,683 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Adaptiv Select ETF

A hedge fund recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC grew its stake in Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the period. West Michigan Advisors LLC owned approximately 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Adaptiv Select ETF Trading Up 0.0%

ADPV stock opened at $45.85 on Thursday. Adaptiv Select ETF has a 1-year low of $33.56 and a 1-year high of $46.42. The firm has a market cap of $177.90 million, a P/E ratio of 7.92 and a beta of 0.91. The business’s 50 day moving average is $42.77 and its 200-day moving average is $43.46.

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.