Aptus Drawdown Managed Equity ETF (BATS:ADME) Sees Large Increase in Short Interest

Aptus Drawdown Managed Equity ETF (BATS:ADME) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 45,753 shares, an increase of 295.7% from the May 31st total of 11,563 shares. Based on an average daily volume of 30,669 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.0% of the shares of the stock are short sold.

Aptus Drawdown Managed Equity ETF Stock Down 0.1%

Shares of Aptus Drawdown Managed Equity ETF stock opened at $54.67 on Friday. Aptus Drawdown Managed Equity ETF has a 12-month low of $47.66 and a 12-month high of $56.67. The stock has a market capitalization of $250.94 million, a P/E ratio of 25.80 and a beta of 0.79. The company has a 50-day simple moving average of $55.01 and a 200 day simple moving average of $52.62.

Institutional Trading of Aptus Drawdown Managed Equity ETF

Several hedge funds have recently modified their holdings of the company. Princeton Global Asset Management LLC bought a new position in shares of Aptus Drawdown Managed Equity ETF in the fourth quarter valued at approximately $56,000. JPMorgan Chase & Co. grew its position in Aptus Drawdown Managed Equity ETF by 108.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,872 shares of the company’s stock worth $147,000 after acquiring an additional 1,492 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in Aptus Drawdown Managed Equity ETF during the 1st quarter valued at $94,000. Waterloo Capital L.P. increased its holdings in Aptus Drawdown Managed Equity ETF by 1.6% during the 4th quarter. Waterloo Capital L.P. now owns 263,007 shares of the company’s stock valued at $13,495,000 after purchasing an additional 4,218 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in Aptus Drawdown Managed Equity ETF by 35.7% during the 4th quarter. Advisory Services Network LLC now owns 21,670 shares of the company’s stock valued at $1,112,000 after purchasing an additional 5,701 shares in the last quarter.

Aptus Drawdown Managed Equity ETF Company Profile

The Aptus Drawdown Managed Equity ETF (ADME) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to select large-cap US stocks that exhibit positive fundamental and momentum characteristics combined with a downside hedge. ADME was launched on Jun 8, 2016 and is managed by Aptus.