Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Drops By 95.0%

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 161 shares, a decrease of 95.0% from the July 15th total of 3,243 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 10,237 shares, the days-to-cover ratio is currently 0.0 days.

Absolute Select Value ETF Trading Up 0.1%

ABEQ stock traded up $0.04 during midday trading on Tuesday, hitting $38.89. The stock had a trading volume of 3,866 shares, compared to its average volume of 14,564. Absolute Select Value ETF has a 52 week low of $34.31 and a 52 week high of $40.08. The stock has a 50-day simple moving average of $37.70 and a 200 day simple moving average of $37.93. The firm has a market capitalization of $145.84 million, a price-to-earnings ratio of 18.77 and a beta of 0.45.

About Absolute Select Value ETF

The Absolute Select Value ETF (ABEQ) is an exchange-traded fund that is based on the SSGA Total Stock Market index. The fund is an actively-managed portfolio of US stocks seeking positive absolute returns. ABEQ was launched on Jan 22, 2020 and is managed by Absolute.