Adaptiv Select ETF (NYSEARCA:ADPV – Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 4,193 shares, a growth of 144.2% from the January 29th total of 1,717 shares. Based on an average daily trading volume, of 13,704 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 13,704 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On Adaptiv Select ETF
A hedge fund recently raised its stake in Adaptiv Select ETF stock. Worth Asset Management LLC boosted its stake in Adaptiv Select ETF (NYSEARCA:ADPV – Free Report) by 11.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,197 shares of the company’s stock after purchasing an additional 1,149 shares during the quarter. Worth Asset Management LLC owned about 0.29% of Adaptiv Select ETF worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Adaptiv Select ETF Price Performance
Shares of NYSEARCA ADPV traded down $0.76 during trading on Friday, reaching $45.15. 12,181 shares of the stock traded hands, compared to its average volume of 14,697. The stock has a market capitalization of $169.76 million, a P/E ratio of 7.92 and a beta of 0.99. Adaptiv Select ETF has a 52-week low of $32.81 and a 52-week high of $46.31. The company has a 50-day moving average of $44.86 and a 200-day moving average of $43.19.
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.
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