Adaptiv Select ETF (NYSEARCA:ADPV – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 6,913 shares, a growth of 336.2% from the July 15th total of 1,585 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 11,106 shares, the days-to-cover ratio is presently 0.6 days.
Adaptiv Select ETF Stock Performance
Shares of ADPV stock traded up $0.56 during trading on Wednesday, hitting $45.68. 2,379 shares of the company were exchanged, compared to its average volume of 12,863. The business’s 50-day simple moving average is $46.36 and its 200 day simple moving average is $44.80. Adaptiv Select ETF has a twelve month low of $38.44 and a twelve month high of $49.71. The firm has a market capitalization of $182.26 million, a price-to-earnings ratio of 7.92 and a beta of 0.92.
Institutional Investors Weigh In On Adaptiv Select ETF
An institutional investor recently raised its position in Adaptiv Select ETF stock. West Michigan Advisors LLC grew its stake in shares of Adaptiv Select ETF (NYSEARCA:ADPV – Free Report) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,700 shares of the company’s stock after acquiring an additional 816 shares during the period. West Michigan Advisors LLC owned 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.
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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