Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Increases By 4,400.6%

Absolute Select Value ETF (NYSEARCA:ABEQ) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,246 shares, a growth of 4,400.6% from the July 30th total of 161 shares. Based on an average daily volume of 9,712 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Absolute Select Value ETF Stock Performance

NYSEARCA:ABEQ traded down $0.08 during trading hours on Tuesday, hitting $39.37. 14,368 shares of the company’s stock traded hands, compared to its average volume of 14,711. Absolute Select Value ETF has a twelve month low of $34.31 and a twelve month high of $40.08. The stock’s fifty day moving average price is $38.03 and its two-hundred day moving average price is $38.02. The firm has a market cap of $147.64 million, a P/E ratio of 18.77 and a beta of 0.45.

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.