Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Down 90.6% in July

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 1,585 shares, a drop of 90.6% from the June 30th total of 16,874 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 8,649 shares, the days-to-cover ratio is presently 0.2 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 lifted its position in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,700 shares of the company’s stock after acquiring an additional 816 shares during the quarter. West Michigan Advisors LLC owned 0.23% of Adaptiv Select ETF worth $373,000 at the end of the most recent quarter.

Adaptiv Select ETF Stock Down 1.0%

Shares of NYSEARCA ADPV traded down $0.47 during midday trading on Friday, hitting $45.80. The company had a trading volume of 17,499 shares, compared to its average volume of 13,241. The firm has a market capitalization of $182.74 million, a price-to-earnings ratio of 7.92 and a beta of 0.90. Adaptiv Select ETF has a twelve month low of $38.44 and a twelve month high of $49.71. The business has a 50-day simple moving average of $46.61 and a two-hundred day simple moving average of $44.82.

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.