Adaptiv Select ETF (NYSEARCA:ADPV) Sees Large Decline in Short Interest

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 1,717 shares, a decline of 27.1% from the January 15th total of 2,356 shares. Based on an average trading volume of 18,729 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 18,729 shares, the days-to-cover ratio is presently 0.1 days.

Adaptiv Select ETF Price Performance

Shares of ADPV stock opened at $44.66 on Friday. The firm has a fifty day moving average of $44.50 and a two-hundred day moving average of $42.82. The firm has a market cap of $167.92 million, a P/E ratio of 7.92 and a beta of 0.99. Adaptiv Select ETF has a 1-year low of $32.81 and a 1-year high of $46.31.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC grew its holdings in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,700 shares of the company’s stock after buying 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 and Exchange Commission.

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.