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

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 263 shares, a decline of 96.2% from the July 30th total of 6,913 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 10,363 shares, the short-interest ratio is presently 0.0 days.

Adaptiv Select ETF Stock Up 0.5%

Adaptiv Select ETF stock traded up $0.23 during midday trading on Tuesday, hitting $45.05. The company’s stock had a trading volume of 23,006 shares, compared to its average volume of 12,748. Adaptiv Select ETF has a 12 month low of $38.57 and a 12 month high of $49.71. The company has a market capitalization of $179.75 million, a PE ratio of 7.92 and a beta of 0.92. The stock’s 50-day moving average price is $46.00 and its 200-day moving average price is $44.82.

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.