Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Drops By 26.1%

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 4,677 shares, a decline of 26.1% from the December 15th total of 6,333 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 6,395 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 6,395 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Absolute Select Value ETF Price Performance

Absolute Select Value ETF stock remained flat at $36.85 during trading on Friday. The company had a trading volume of 4,303 shares, compared to its average volume of 7,391. The firm’s 50-day moving average price is $36.09 and its 200 day moving average price is $35.41. The firm has a market capitalization of $126.03 million, a P/E ratio of 18.77 and a beta of 0.53. Absolute Select Value ETF has a 52-week low of $30.86 and a 52-week high of $36.94.

Absolute Select Value ETF Announces Dividend

The business also recently declared a dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.2247 per share. This represents a dividend yield of 125.0%. The ex-dividend date was Tuesday, December 30th.

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.