Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Update

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 2,356 shares, a decline of 91.3% from the December 31st total of 27,149 shares. Based on an average daily volume of 17,021 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 17,021 shares, the short-interest ratio is presently 0.1 days.

Adaptiv Select ETF Price Performance

ADPV stock traded down $0.10 on Thursday, hitting $45.59. 6,770 shares of the company were exchanged, compared to its average volume of 18,441. Adaptiv Select ETF has a twelve month low of $32.81 and a twelve month high of $46.31. The stock has a market capitalization of $170.05 million, a price-to-earnings ratio of 7.92 and a beta of 0.99. The business’s fifty day moving average is $43.85 and its two-hundred day moving average is $42.43.

Hedge Funds Weigh In On Adaptiv Select ETF

A hedge fund recently raised its stake in Adaptiv Select ETF stock. Worth Asset Management LLC raised its stake in Adaptiv Select ETF (NYSEARCA:ADPV) by 11.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,197 shares of the company’s stock after acquiring an additional 1,149 shares during the period. Worth Asset Management LLC owned 0.29% of Adaptiv Select ETF worth $476,000 as of its most recent SEC filing.

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.