Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Update

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,717 shares, a decline of 27.1% from the January 15th total of 2,356 shares. Based on an average daily volume of 18,729 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 18,729 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Adaptiv Select ETF

A hedge fund recently raised its stake in Adaptiv Select ETF stock. Worth Asset Management LLC raised its position in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 11.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,197 shares of the company’s stock after buying an additional 1,149 shares during the quarter. Worth Asset Management LLC owned about 0.29% of Adaptiv Select ETF worth $476,000 at the end of the most recent reporting period.

Adaptiv Select ETF Stock Performance

ADPV stock traded up $0.13 during midday trading on Monday, reaching $44.66. The company’s stock had a trading volume of 28,240 shares, compared to its average volume of 16,435. The stock has a fifty day simple moving average of $44.50 and a two-hundred day simple moving average of $42.87. Adaptiv Select ETF has a 1 year low of $32.81 and a 1 year high of $46.31. The firm has a market capitalization of $167.92 million, a price-to-earnings ratio of 7.92 and a beta of 0.99.

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.