Adaptiv Select ETF (NYSEARCA:ADPV) Sees Large Decrease in Short Interest

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,585 shares, a decrease of 90.6% from the June 30th total of 16,874 shares. Based on an average daily trading volume, of 8,649 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Adaptiv Select ETF

An institutional investor recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC boosted its holdings in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,700 shares of the company’s stock after buying an additional 816 shares during the quarter. West Michigan Advisors LLC owned approximately 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.

Adaptiv Select ETF Trading Down 1.0%

Shares of ADPV stock traded down $0.47 on Friday, reaching $45.80. 17,499 shares of the company’s stock were exchanged, compared to its average volume of 13,241. The company’s fifty day simple moving average is $46.61 and its 200 day simple moving average is $44.82. Adaptiv Select ETF has a 52 week low of $38.44 and a 52 week high of $49.71. The stock has a market capitalization of $182.74 million, a PE ratio of 7.92 and a beta of 0.90.

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.