Short Interest in Adaptiv Select ETF (NYSEARCA:ADPV) Rises By 566.4%

Adaptiv Select ETF (NYSEARCA:ADPV) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 16,874 shares, an increase of 566.4% from the June 15th total of 2,532 shares. Based on an average trading volume of 16,870 shares, the short-interest ratio is currently 1.0 days. Currently, 0.4% of the shares of the stock are sold short.

Adaptiv Select ETF Trading Down 0.3%

Shares of Adaptiv Select ETF stock traded down $0.14 during midday trading on Monday, reaching $46.03. The company had a trading volume of 338 shares, compared to its average volume of 13,338. The stock has a fifty day simple moving average of $46.55 and a 200 day simple moving average of $44.68. Adaptiv Select ETF has a 1-year low of $38.26 and a 1-year high of $49.71. The company has a market capitalization of $182.28 million, a price-to-earnings ratio of 7.92 and a beta of 0.90.

Institutional Investors Weigh In On Adaptiv Select ETF

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

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.