Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Update

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,532 shares, a decline of 57.5% from the May 31st total of 5,964 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,625 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Adaptiv Select ETF

An institutional investor recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC increased its stake in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities & 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 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

Adaptiv Select ETF Stock Performance

Shares of Adaptiv Select ETF stock traded down $0.21 during trading on Monday, hitting $47.36. 2,685 shares of the company’s stock were exchanged, compared to its average volume of 13,171. The stock has a market capitalization of $183.76 million, a price-to-earnings ratio of 7.92 and a beta of 0.92. Adaptiv Select ETF has a 52-week low of $36.27 and a 52-week high of $49.71. The business has a 50-day simple moving average of $45.83 and a 200-day simple moving average of $44.46.

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.