Adaptiv Select ETF (NYSEARCA:ADPV) Sees Significant Increase in Short Interest

Adaptiv Select ETF (NYSEARCA:ADPV – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 2,439 shares, a growth of 827.4% from the August 15th total of 263 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,541 shares, the short-interest ratio is currently 0.3 days.

Adaptiv Select ETF Trading Down 1.6%

ADPV stock traded down $0.72 during mid-day trading on Thursday, hitting $44.77. The stock had a trading volume of 4,999 shares, compared to its average volume of 12,355. The firm has a fifty day simple moving average of $45.39 and a 200 day simple moving average of $44.83. The firm has a market capitalization of $178.63 million, a P/E ratio of 7.92 and a beta of 0.91. Adaptiv Select ETF has a 52 week low of $38.57 and a 52 week high of $49.71.

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Adaptiv Select ETF Company Profile

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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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