Absolute Select Value ETF (NYSEARCA:ABEQ) Sees Significant Decline in Short Interest

Absolute Select Value ETF (NYSEARCA:ABEQ) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 3,909 shares, a decline of 71.9% from the February 12th total of 13,921 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 28,869 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 28,869 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Absolute Select Value ETF Stock Performance

ABEQ stock traded down $0.14 during mid-day trading on Wednesday, reaching $38.55. 67,084 shares of the stock traded hands, compared to its average volume of 17,880. The business has a 50-day moving average price of $37.99 and a two-hundred day moving average price of $36.48. The stock has a market capitalization of $131.07 million, a PE ratio of 18.77 and a beta of 0.53. Absolute Select Value ETF has a one year low of $30.86 and a one year high of $40.08.

Absolute Select Value ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were paid a dividend of $0.2247 per share. This represents a dividend yield of 125.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

About Absolute Select Value ETF

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.