Adaptiv Select ETF (NYSEARCA:ADPV – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,585 shares, a drop of 90.6% from the June 30th total of 16,874 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 8,649 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC lifted its holdings in shares of Adaptiv Select ETF (NYSEARCA:ADPV – Free Report) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the quarter. West Michigan Advisors LLC owned 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.
Adaptiv Select ETF Stock Performance
Shares of ADPV stock traded down $0.47 on Friday, hitting $45.80. The company’s stock had a trading volume of 17,499 shares, compared to its average volume of 13,241. Adaptiv Select ETF has a fifty-two week low of $38.44 and a fifty-two week high of $49.71. The company has a market capitalization of $182.74 million, a PE ratio of 7.92 and a beta of 0.90. The stock’s 50 day moving average is $46.61 and its 200-day moving average 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.
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