Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Update

Adaptiv Select ETF (NYSEARCA:ADPV) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 2,532 shares, a decrease of 57.5% from the May 31st total of 5,964 shares. Based on an average trading volume of 5,625 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Adaptiv Select ETF Trading Down 0.4%

ADPV stock traded down $0.21 during mid-day trading on Monday, reaching $47.36. The company’s stock had a trading volume of 2,685 shares, compared to its average volume of 13,171. The company’s 50 day moving average is $45.83 and its two-hundred day moving average is $44.46. Adaptiv Select ETF has a fifty-two week low of $36.27 and a fifty-two week high of $49.71. The stock has a market cap of $183.76 million, a PE ratio of 7.92 and a beta of 0.92.

Hedge Funds Weigh In On Adaptiv Select ETF

A hedge fund recently raised its position in Adaptiv Select ETF stock. West Michigan Advisors LLC raised its stake in Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,700 shares of the company’s stock after buying an additional 816 shares during the quarter. West Michigan Advisors LLC owned approximately 0.23% of Adaptiv Select ETF worth $373,000 at the end of the most recent quarter.

About Adaptiv Select ETF

The Adaptiv Select ETF (ADPV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that toggles between US large-cap equities and short-term US Treasurys, based on momentum. The fund’s strategy aims to limit drawdowns during market downtrends. ADPV was launched on Nov 4, 2022 and is managed by Adaptiv.