Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Down 30.9% in October

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 3,800 shares, a drop of 30.9% from the September 30th total of 5,500 shares. Based on an average daily trading volume, of 18,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 18,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Adaptiv Select ETF

An institutional investor recently bought a new position in Adaptiv Select ETF stock. West Michigan Advisors LLC bought a new position in shares of Adaptiv Select ETF (NYSEARCA:ADPV) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,887 shares of the company’s stock, valued at approximately $271,000. West Michigan Advisors LLC owned approximately 0.22% of Adaptiv Select ETF at the end of the most recent reporting period.

Adaptiv Select ETF Stock Down 1.8%

NYSEARCA:ADPV traded down $0.79 during trading hours on Monday, reaching $42.53. 41,587 shares of the stock were exchanged, compared to its average volume of 23,571. The stock has a market capitalization of $162.46 million, a P/E ratio of 7.92 and a beta of 0.99. The firm has a 50 day simple moving average of $42.60 and a 200-day simple moving average of $38.81. Adaptiv Select ETF has a 52 week low of $32.12 and a 52 week high of $46.01.

Adaptiv Select ETF Company Profile

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.