Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Declines By 95.0%

Absolute Select Value ETF (NYSEARCA:ABEQ – Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 161 shares, a drop of 95.0% from the July 15th total of 3,243 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 10,237 shares, the days-to-cover ratio is presently 0.0 days.

Absolute Select Value ETF Stock Performance

NYSEARCA:ABEQ traded down $0.06 during trading hours on Thursday, reaching $38.70. The company’s stock had a trading volume of 7,037 shares, compared to its average volume of 14,431. The stock has a 50 day moving average price of $37.73 and a two-hundred day moving average price of $37.94. The company has a market capitalization of $145.12 million, a P/E ratio of 18.77 and a beta of 0.45. Absolute Select Value ETF has a 12 month low of $34.31 and a 12 month high of $40.08.

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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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