Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Down 61.2% in May

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 5,964 shares, a decline of 61.2% from the May 14th total of 15,360 shares. Based on an average daily trading volume, of 13,526 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Adaptiv Select ETF Stock Up 2.5%

ADPV traded up $1.20 during trading on Friday, reaching $48.80. 5,713 shares of the company’s stock were exchanged, compared to its average volume of 13,405. Adaptiv Select ETF has a fifty-two week low of $34.12 and a fifty-two week high of $48.80. The business has a 50 day moving average price of $44.68 and a 200 day moving average price of $44.09. The company has a market capitalization of $189.34 million, a P/E ratio of 7.92 and a beta of 0.92.

Institutional Investors Weigh In On Adaptiv Select ETF

An institutional investor recently raised its position in Adaptiv Select ETF stock. West Michigan Advisors LLC grew its position in Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the period. West Michigan Advisors LLC owned about 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent filing with the SEC.

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.