Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Update

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 3,226 shares, a growth of 58.4% from the February 26th total of 2,037 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 14,019 shares, the days-to-cover ratio is currently 0.2 days.

Adaptiv Select ETF Trading Down 0.6%

Shares of ADPV traded down $0.25 during trading hours on Friday, hitting $41.83. The company had a trading volume of 20,868 shares, compared to its average volume of 13,847. The company has a market capitalization of $157.28 million, a PE ratio of 7.92 and a beta of 0.99. Adaptiv Select ETF has a one year low of $33.56 and a one year high of $46.31. The company’s fifty day moving average price is $43.91 and its two-hundred day moving average price is $43.42.

Hedge Funds Weigh In On Adaptiv Select ETF

An institutional investor recently raised its position in Adaptiv Select ETF stock. West Michigan Advisors LLC grew its holdings in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the period. West Michigan Advisors LLC owned approximately 0.23% of Adaptiv Select ETF worth $373,000 at the end of the most recent quarter.

About Adaptiv Select ETF

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.