Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Update

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large drop in short interest during the month of 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. Based on an average trading volume of 8,649 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Adaptiv Select ETF Stock Down 1.0%

Shares of NYSEARCA:ADPV traded down $0.47 during mid-day trading on Friday, reaching $45.80. 17,499 shares of the stock were exchanged, compared to its average volume of 13,241. The company has a market cap of $182.74 million, a P/E ratio of 7.92 and a beta of 0.90. Adaptiv Select ETF has a one year low of $38.44 and a one year high of $49.71. The stock’s 50 day simple moving average is $46.61 and its 200-day simple moving average is $44.82.

Institutional Investors Weigh In On Adaptiv Select ETF

An institutional investor recently raised its position in Adaptiv Select ETF stock. West Michigan Advisors LLC grew its stake in Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the quarter. West Michigan Advisors LLC owned approximately 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.

Adaptiv Select ETF Company Profile

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.