Absolute Select Value ETF (NYSEARCA:ABEQ) Sees Large Drop in Short Interest

Absolute Select Value ETF (NYSEARCA:ABEQ – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 3,355 shares, a decrease of 50.8% from the June 15th total of 6,818 shares. Based on an average trading volume of 11,909 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Absolute Select Value ETF Stock Performance

ABEQ stock traded up $0.27 during midday trading on Thursday, reaching $37.40. The stock had a trading volume of 6,513 shares, compared to its average volume of 15,102. The firm has a fifty day simple moving average of $37.35 and a two-hundred day simple moving average of $37.69. Absolute Select Value ETF has a 52-week low of $33.95 and a 52-week high of $40.08. The stock has a market cap of $141.37 million, a PE ratio of 18.77 and a beta of 0.45.

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About Absolute Select Value ETF

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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.

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