Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Down 61.2% in May

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 5,964 shares, a drop of 61.2% from the May 14th total of 15,360 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 13,526 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Adaptiv Select ETF

A hedge fund recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC increased its position in shares of 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 fund owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the period. West Michigan Advisors LLC owned approximately 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Adaptiv Select ETF Stock Performance

NYSEARCA:ADPV traded up $1.20 during mid-day trading on Friday, hitting $48.80. 5,713 shares of the stock were exchanged, compared to its average volume of 13,405. The stock has a market capitalization of $189.34 million, a price-to-earnings ratio of 7.92 and a beta of 0.92. The firm’s 50-day simple moving average is $44.68 and its 200 day simple moving average is $44.09. Adaptiv Select ETF has a fifty-two week low of $34.12 and a fifty-two week high of $48.80.

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.