Short Interest in Adaptiv Select ETF (NYSEARCA:ADPV) Increases By 336.2%

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 6,913 shares, a growth of 336.2% from the July 15th total of 1,585 shares. Based on an average trading volume of 11,106 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Trading of Adaptiv Select ETF

An institutional investor recently raised its position in Adaptiv Select ETF stock. West Michigan Advisors LLC increased its holdings in Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% in the 4th quarter, according to the company in its most recent 13F 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 Price Performance

Adaptiv Select ETF stock traded up $0.56 during midday trading on Wednesday, reaching $45.68. The stock had a trading volume of 2,379 shares, compared to its average volume of 12,863. The firm’s fifty day simple moving average is $46.36 and its two-hundred day simple moving average is $44.80. Adaptiv Select ETF has a twelve month low of $38.44 and a twelve month high of $49.71. The firm has a market cap of $182.26 million, a price-to-earnings ratio of 7.92 and a beta of 0.92.

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.