Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Update

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 27,149 shares, an increase of 4,486.0% from the December 15th total of 592 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 11,736 shares, the days-to-cover ratio is presently 2.3 days. Based on an average trading volume of 11,736 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Adaptiv Select ETF stock. Worth Asset Management LLC lifted its holdings in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,197 shares of the company’s stock after purchasing an additional 1,149 shares during the quarter. Worth Asset Management LLC owned approximately 0.29% of Adaptiv Select ETF worth $476,000 as of its most recent SEC filing.

Adaptiv Select ETF Stock Up 0.4%

Shares of Adaptiv Select ETF stock traded up $0.16 during trading on Monday, hitting $45.44. The stock had a trading volume of 15,439 shares, compared to its average volume of 16,234. Adaptiv Select ETF has a 1 year low of $32.81 and a 1 year high of $46.01. The stock has a 50 day simple moving average of $42.91 and a 200 day simple moving average of $41.69. The company has a market capitalization of $170.85 million, a PE ratio of 7.92 and a beta of 0.99.

Adaptiv Select ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.2983 per share. This represents a yield of 67.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.