Short Interest in Adaptiv Select ETF (NYSEARCA:ADPV) Grows By 714.6%

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 17,236 shares, an increase of 714.6% from the April 15th total of 2,116 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 15,683 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Adaptiv Select ETF

A hedge fund recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC grew its position in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,700 shares of the company’s stock after acquiring an additional 816 shares during the quarter. West Michigan Advisors LLC owned about 0.23% of Adaptiv Select ETF worth $373,000 at the end of the most recent quarter.

Adaptiv Select ETF Stock Performance

ADPV stock traded down $1.00 during midday trading on Tuesday, hitting $45.16. 2,286 shares of the stock were exchanged, compared to its average volume of 14,408. The stock’s 50-day moving average price is $42.73 and its 200-day moving average price is $43.42. The stock has a market cap of $175.22 million, a price-to-earnings ratio of 7.92 and a beta of 0.91. Adaptiv Select ETF has a fifty-two week low of $33.56 and a fifty-two week high of $46.42.

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.