Adaptiv Select ETF (NYSEARCA:ADPV – Get Free Report) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 16,874 shares, a growth of 566.4% from the June 15th total of 2,532 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 16,870 shares, the short-interest ratio is presently 1.0 days.
Adaptiv Select ETF Stock Performance
Shares of NYSEARCA ADPV traded down $0.32 during midday trading on Friday, hitting $46.17. The company’s stock had a trading volume of 5,961 shares, compared to its average volume of 13,439. Adaptiv Select ETF has a 1-year low of $37.79 and a 1-year high of $49.71. The firm’s fifty day moving average price is $46.55 and its 200-day moving average price is $44.68. The firm has a market cap of $184.22 million, a P/E ratio of 7.92 and a beta of 0.90.
Hedge Funds Weigh In On Adaptiv Select ETF
An institutional investor recently raised its position in Adaptiv Select ETF stock. West Michigan Advisors LLC lifted its stake in shares of Adaptiv Select ETF (NYSEARCA:ADPV – Free Report) by 10.4% during the fourth quarter, according to its most recent filing 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 about 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent filing with the Securities and Exchange Commission.
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.
See Also
- Five stocks we like better than Adaptiv Select ETF
- Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
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.
