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

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 19,319 shares, a decline of 20.8% from the March 31st total of 24,385 shares. Based on an average trading volume of 13,345 shares, the short-interest ratio is presently 1.4 days. Approximately 0.5% of the shares of the stock are short sold.

Absolute Select Value ETF Stock Up 0.8%

Shares of NYSEARCA ABEQ traded up $0.31 during mid-day trading on Thursday, reaching $37.76. 13,976 shares of the company were exchanged, compared to its average volume of 16,211. Absolute Select Value ETF has a 52 week low of $33.46 and a 52 week high of $40.08. The stock has a market capitalization of $140.47 million, a PE ratio of 18.77 and a beta of 0.51. The company’s 50 day moving average price is $38.28 and its 200 day moving average price is $37.04.

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.