Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Down 61.2% in May

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 5,964 shares, a drop of 61.2% from the May 14th total of 15,360 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 13,526 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Adaptiv Select ETF stock. West Michigan Advisors LLC lifted its holdings in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,700 shares of the company’s stock after acquiring an additional 816 shares during the quarter. West Michigan Advisors LLC owned approximately 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.

Adaptiv Select ETF Price Performance

ADPV stock traded up $1.20 during mid-day trading on Friday, reaching $48.80. The company had a trading volume of 5,713 shares, compared to its average volume of 13,405. The stock has a 50 day simple moving average of $44.68 and a two-hundred day simple moving average of $44.09. The company has a market capitalization of $189.34 million, a price-to-earnings ratio of 7.92 and a beta of 0.92. Adaptiv Select ETF has a 52 week low of $34.12 and a 52 week high of $48.80.

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.