Absolute Select Value ETF (NYSEARCA:ABEQ) Short Interest Update

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 24,690 shares, an increase of 531.6% from the February 26th total of 3,909 shares. Based on an average daily trading volume, of 19,323 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.7% of the company’s stock are sold short.

Absolute Select Value ETF Trading Down 0.2%

NYSEARCA:ABEQ traded down $0.08 during mid-day trading on Thursday, hitting $37.66. The stock had a trading volume of 12,581 shares, compared to its average volume of 17,020. Absolute Select Value ETF has a twelve month low of $30.86 and a twelve month high of $40.08. The company has a market capitalization of $128.04 million, a PE ratio of 18.77 and a beta of 0.53. The stock has a 50-day simple moving average of $38.36 and a two-hundred day simple moving average of $36.66.

Absolute Select Value ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were given 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.

Absolute Select Value ETF Company Profile

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.