Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Up 566.4% in June

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 16,874 shares, an increase of 566.4% from the June 15th total of 2,532 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 16,870 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Adaptiv Select ETF

An institutional investor recently raised its position 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 the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,700 shares of the company’s stock after acquiring an additional 816 shares during the period. West Michigan Advisors LLC owned about 0.23% of Adaptiv Select ETF worth $373,000 at the end of the most recent reporting period.

Adaptiv Select ETF Trading Down 0.7%

NYSEARCA ADPV traded down $0.32 on Friday, hitting $46.17. 5,961 shares of the stock traded hands, compared to its average volume of 13,439. The stock has a 50-day moving average of $46.55 and a 200 day moving average of $44.68. Adaptiv Select ETF has a twelve month low of $37.79 and a twelve month high of $49.71. The company has a market capitalization of $184.22 million, a P/E ratio of 7.92 and a beta of 0.90.

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.