Adaptive Core ETF (BATS:RULE) Sees Significant Drop in Short Interest

Adaptive Core ETF (BATS:RULE) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,441 shares, a decline of 45.2% from the July 15th total of 2,630 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 2,106 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Adaptive Core ETF

A hedge fund recently bought a new stake in Adaptive Core ETF stock. C M Bidwell & Associates Ltd. bought a new position in Adaptive Core ETF (BATS:RULE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,172 shares of the company’s stock, valued at approximately $789,000. C M Bidwell & Associates Ltd. owned approximately 3.68% of Adaptive Core ETF as of its most recent SEC filing.

Adaptive Core ETF Stock Performance

Shares of BATS RULE opened at $31.03 on Monday. The stock has a market cap of $17.84 million, a price-to-earnings ratio of 26.96 and a beta of 0.54. The business has a 50 day simple moving average of $31.25 and a 200 day simple moving average of $28.25. Adaptive Core ETF has a 52 week low of $21.46 and a 52 week high of $34.42.

Adaptive Core ETF Company Profile

The Adaptive Core ETF (RULE) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that invests in a wide array of securities of any asset class, market capitalization, geography, credit quality, and maturity. The fund seeks current income and long-term capital appreciation. RULE was launched on Nov 1, 2021 and is managed by Mohr Funds.