Absolute Select Value ETF (NYSEARCA:ABEQ) Sees Significant Decrease in Short Interest

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 13,921 shares, a decline of 44.3% from the January 29th total of 24,977 shares. Based on an average daily volume of 13,178 shares, the short-interest ratio is currently 1.1 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 13,178 shares, the short-interest ratio is currently 1.1 days.

Absolute Select Value ETF Stock Performance

Shares of NYSEARCA ABEQ traded up $0.26 during midday trading on Friday, hitting $40.06. 22,762 shares of the stock traded hands, compared to its average volume of 17,855. The firm has a market capitalization of $136.20 million, a P/E ratio of 18.77 and a beta of 0.53. Absolute Select Value ETF has a one year low of $30.86 and a one year high of $40.08. The firm has a 50-day moving average of $37.61 and a two-hundred day moving average of $36.25.

Absolute Select Value ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were issued a $0.2247 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a 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.