Absolute Select Value ETF (NYSEARCA:ABEQ) Sees Large Drop in Short Interest

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 4,677 shares, a decrease of 26.1% from the December 15th total of 6,333 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 6,395 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 6,395 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are sold short.

Absolute Select Value ETF Stock Performance

NYSEARCA ABEQ remained flat at $36.85 during trading hours on Friday. The company’s stock had a trading volume of 4,303 shares, compared to its average volume of 7,391. The firm has a market capitalization of $126.03 million, a price-to-earnings ratio of 18.77 and a beta of 0.53. The company’s 50-day simple moving average is $36.09 and its 200 day simple moving average is $35.42. Absolute Select Value ETF has a 12 month low of $30.86 and a 12 month high of $36.94.

Absolute Select Value ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.2247 per share. This represents a yield of 125.0%. The ex-dividend date was Tuesday, December 30th.

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.