Absolute Select Value ETF (NYSEARCA:ABEQ) Short Interest Up 77.5% in August

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 12,862 shares, a growth of 77.5% from the August 15th total of 7,246 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 17,287 shares, the short-interest ratio is currently 0.7 days.

Absolute Select Value ETF Trading Down 0.7%

ABEQ stock traded down $0.29 during trading hours on Wednesday, hitting $38.56. 2,298 shares of the stock traded hands, compared to its average volume of 14,006. The stock has a 50-day simple moving average of $38.47 and a 200 day simple moving average of $38.01. The company has a market cap of $154.20 million, a P/E ratio of 18.77 and a beta of 0.45. Absolute Select Value ETF has a one year low of $34.31 and a one year high of $40.08.

Absolute Select Value ETF Dividend Announcement

The company also recently disclosed a semiannual dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 26th were paid a dividend of $0.2265 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a yield of 120.0%.

Absolute Select Value ETF Company Profile

The Absolute Select Value ETF (ABEQ) is an exchange-traded fund that is based on the SSGA Total Stock Market index. The fund is an actively-managed portfolio of US stocks seeking positive absolute returns. ABEQ was launched on Jan 22, 2020 and is managed by Absolute.