Absolute Select Value ETF (NYSEARCA:ABEQ) Short Interest Update

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 10,627 shares, a growth of 127.2% from the December 31st total of 4,677 shares. Based on an average daily volume of 7,742 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 7,742 shares, the days-to-cover ratio is presently 1.4 days.

Absolute Select Value ETF Price Performance

Shares of NYSEARCA ABEQ traded down $0.61 during midday trading on Friday, reaching $37.44. 40,055 shares of the stock were exchanged, compared to its average volume of 15,283. The company has a market capitalization of $127.30 million, a price-to-earnings ratio of 18.77 and a beta of 0.53. The business has a 50-day simple moving average of $36.46 and a two-hundred day simple moving average of $35.62. Absolute Select Value ETF has a 12 month low of $30.86 and a 12 month high of $38.05.

Absolute Select Value ETF Announces Dividend

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