Short Interest in Adaptiv Select ETF (NYSEARCA:ADPV) Increases By 827.4%

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 2,439 shares, an increase of 827.4% from the August 15th total of 263 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 9,541 shares, the days-to-cover ratio is currently 0.3 days.

Adaptiv Select ETF Stock Up 0.9%

Shares of ADPV traded up $0.39 during mid-day trading on Friday, reaching $45.16. The company’s stock had a trading volume of 777 shares, compared to its average volume of 12,287. The company has a market cap of $180.19 million, a price-to-earnings ratio of 7.92 and a beta of 0.91. The business has a fifty day moving average of $45.39 and a 200 day moving average of $44.83. Adaptiv Select ETF has a 1 year low of $38.57 and a 1 year high of $49.71.

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.