Adaptiv Select ETF (NYSEARCA:ADPV – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,532 shares, a drop of 57.5% from the May 31st total of 5,964 shares. Based on an average daily trading volume, of 5,625 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Investors Weigh In On Adaptiv Select ETF
A hedge fund recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC boosted its position in Adaptiv Select ETF (NYSEARCA:ADPV – Free Report) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the period. West Michigan Advisors LLC owned about 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.
Adaptiv Select ETF Stock Performance
ADPV stock traded up $0.66 during mid-day trading on Tuesday, hitting $48.32. The company had a trading volume of 47,311 shares, compared to its average volume of 13,649. The firm has a market cap of $187.48 million, a PE ratio of 7.92 and a beta of 0.92. Adaptiv Select ETF has a 12 month low of $36.27 and a 12 month high of $49.71. The stock’s fifty day moving average price is $46.06 and its two-hundred day moving average price is $44.52.
Adaptiv Select ETF Company Profile
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.
Featured Articles
- Five stocks we like better than Adaptiv Select ETF
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Receive News & Ratings for Adaptiv Select ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adaptiv Select ETF and related companies with MarketBeat.com's FREE daily email newsletter.
