Adaptiv Select ETF (NYSEARCA:ADPV – Get Free Report) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 17,236 shares, a growth of 714.6% from the April 15th total of 2,116 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 15,683 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Investors Weigh In On Adaptiv Select ETF
A hedge fund recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC grew its position in shares of Adaptiv Select ETF (NYSEARCA:ADPV – Free Report) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,700 shares of the company’s stock after acquiring an additional 816 shares during the quarter. West Michigan Advisors LLC owned about 0.23% of Adaptiv Select ETF worth $373,000 at the end of the most recent quarter.
Adaptiv Select ETF Trading Down 2.2%
NYSEARCA:ADPV traded down $1.00 on Tuesday, hitting $45.16. 2,286 shares of the stock were exchanged, compared to its average volume of 14,408. The stock has a market cap of $175.22 million, a PE ratio of 7.92 and a beta of 0.91. The stock has a fifty day moving average of $42.73 and a 200-day moving average of $43.42. Adaptiv Select ETF has a fifty-two week low of $33.56 and a fifty-two week high of $46.42.
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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