Adaptive Core ETF (BATS:RULE) Sees Significant Growth in Short Interest

Adaptive Core ETF (BATS:RULE) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 4,124 shares, an increase of 186.2% from the July 30th total of 1,441 shares. Based on an average trading volume of 11,122 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Adaptive Core ETF stock. C M Bidwell & Associates Ltd. bought a new position in shares of Adaptive Core ETF (BATS:RULE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,172 shares of the company’s stock, valued at approximately $789,000. C M Bidwell & Associates Ltd. owned 3.68% of Adaptive Core ETF as of its most recent SEC filing.

Adaptive Core ETF Stock Performance

RULE opened at $30.19 on Thursday. The company has a market capitalization of $17.36 million, a P/E ratio of 26.96 and a beta of 0.54. Adaptive Core ETF has a 1-year low of $21.46 and a 1-year high of $34.42. The company has a 50-day moving average of $30.97 and a 200-day moving average of $28.52.

About Adaptive Core ETF

The Adaptive Core ETF (RULE) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that invests in a wide array of securities of any asset class, market capitalization, geography, credit quality, and maturity. The fund seeks current income and long-term capital appreciation. RULE was launched on Nov 1, 2021 and is managed by Mohr Funds.