Short Interest in Adaptiv Select ETF (NYSEARCA:ADPV) Decreases By 30.9%

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,800 shares, a decline of 30.9% from the September 30th total of 5,500 shares. Based on an average trading volume of 18,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 18,300 shares, the short-interest ratio is presently 0.2 days.

Adaptiv Select ETF Price Performance

NYSEARCA:ADPV opened at $41.23 on Wednesday. The firm has a market cap of $157.50 million, a price-to-earnings ratio of 7.92 and a beta of 0.99. The company has a 50 day moving average price of $42.60 and a 200-day moving average price of $38.85. Adaptiv Select ETF has a 1-year low of $32.81 and a 1-year high of $46.01.

Hedge Funds Weigh In On Adaptiv Select ETF

An institutional investor recently bought a new position in Adaptiv Select ETF stock. West Michigan Advisors LLC bought a new stake in shares of Adaptiv Select ETF (NYSEARCA:ADPV) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,887 shares of the company’s stock, valued at approximately $271,000. West Michigan Advisors LLC owned approximately 0.22% of Adaptiv Select ETF at the end of the most recent reporting period.

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.