Adaptiv Select ETF (NYSEARCA:ADPV) Stock Short Interest Declines 99.7%

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 48 shares, a decline of 99.7% from the September 30th total of 18,985 shares. Based on an average daily trading volume, of 9,080 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Adaptiv Select ETF Price Performance

Shares of NYSEARCA ADPV opened at $44.56 on Wednesday. Adaptiv Select ETF has a 12-month low of $38.57 and a 12-month high of $49.71. The company has a market capitalization of $178.24 million, a PE ratio of 7.92 and a beta of 0.92. The firm’s 50-day moving average is $44.34 and its two-hundred day moving average is $44.72.

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.