Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Expands By 211.8%

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 6,818 shares, an increase of 211.8% from the May 31st total of 2,187 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 11,316 shares, the days-to-cover ratio is presently 0.6 days.

Absolute Select Value ETF Trading Up 0.0%

Shares of Absolute Select Value ETF stock traded up $0.01 on Friday, hitting $37.66. The stock had a trading volume of 9,920 shares, compared to its average volume of 14,923. Absolute Select Value ETF has a 52-week low of $33.89 and a 52-week high of $40.08. The stock has a market cap of $140.10 million, a price-to-earnings ratio of 18.77 and a beta of 0.45. The company’s 50 day moving average price is $37.43 and its 200 day moving average price is $37.57.

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.