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

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 24,690 shares, a growth of 531.6% from the February 26th total of 3,909 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 19,323 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 19,323 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the company’s shares are sold short.

Absolute Select Value ETF Price Performance

ABEQ stock traded up $0.09 during trading on Wednesday, reaching $37.72. 5,776 shares of the stock traded hands, compared to its average volume of 17,014. The business’s 50 day moving average price is $38.34 and its 200-day moving average price is $36.66. Absolute Select Value ETF has a 52-week low of $30.86 and a 52-week high of $40.08. The firm has a market capitalization of $128.25 million, a PE ratio of 18.77 and a beta of 0.53.

Absolute Select Value ETF Announces Dividend

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

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.