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

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 161 shares, a decline of 95.0% from the July 15th total of 3,243 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 10,237 shares, the days-to-cover ratio is currently 0.0 days.

Absolute Select Value ETF Stock Down 0.4%

Shares of ABEQ stock traded down $0.14 during trading hours on Wednesday, hitting $38.75. 556 shares of the company were exchanged, compared to its average volume of 14,472. The firm has a fifty day moving average of $37.70 and a 200 day moving average of $37.93. Absolute Select Value ETF has a 1 year low of $34.31 and a 1 year high of $40.08. The firm has a market cap of $145.31 million, a PE ratio of 18.77 and a beta of 0.45.

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.