Absolute Select Value ETF (NYSEARCA:ABEQ) Sees Large Increase in Short Interest

Absolute Select Value ETF (NYSEARCA:ABEQGet Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 12,862 shares, an increase of 77.5% from the August 15th total of 7,246 shares. Based on an average daily volume of 17,287 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

Absolute Select Value ETF Trading Down 0.7%

Absolute Select Value ETF stock traded down $0.29 during midday trading on Wednesday, hitting $38.56. The stock had a trading volume of 2,298 shares, compared to its average volume of 14,006. The business has a fifty day moving average price of $38.47 and a 200 day moving average price of $38.01. Absolute Select Value ETF has a 12 month low of $34.31 and a 12 month high of $40.08. The stock has a market cap of $154.20 million, a P/E ratio of 18.77 and a beta of 0.45.

Absolute Select Value ETF Dividend Announcement

The business also recently disclosed a semiannual dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 26th were paid a dividend of $0.2265 per share. This represents a yield of 120.0%. The ex-dividend date was Friday, June 26th.

About Absolute Select Value ETF

(Get Free Report)

The Absolute Select Value ETF (ABEQ) is an exchange-traded fund that is based on the SSGA Total Stock Market index. The fund is an actively-managed portfolio of US stocks seeking positive absolute returns. ABEQ was launched on Jan 22, 2020 and is managed by Absolute.

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