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

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 19,319 shares, a drop of 20.8% from the March 31st total of 24,385 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 13,345 shares, the short-interest ratio is currently 1.4 days.

Absolute Select Value ETF Stock Up 0.8%

ABEQ traded up $0.31 on Thursday, hitting $37.76. The company’s stock had a trading volume of 13,976 shares, compared to its average volume of 16,211. The company’s 50 day simple moving average is $38.28 and its 200-day simple moving average is $37.04. The firm has a market cap of $140.47 million, a P/E ratio of 18.77 and a beta of 0.51. Absolute Select Value ETF has a 12 month low of $33.46 and a 12 month high of $40.08.

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.