Absolute Select Value ETF (NYSEARCA:ABEQ) Short Interest Update

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 10,627 shares, a growth of 127.2% from the December 31st total of 4,677 shares. Based on an average daily volume of 7,742 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 7,742 shares, the days-to-cover ratio is presently 1.4 days.

Absolute Select Value ETF Trading Up 1.2%

Shares of ABEQ stock traded up $0.45 during trading hours on Thursday, hitting $38.05. 45,682 shares of the company were exchanged, compared to its average volume of 13,983. The company has a market capitalization of $130.13 million, a PE ratio of 18.77 and a beta of 0.53. Absolute Select Value ETF has a 52 week low of $30.86 and a 52 week high of $38.05. The business has a 50 day moving average of $36.36 and a two-hundred day moving average of $35.58.

Absolute Select Value ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were paid a $0.2247 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 125.0%.

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.