Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Drops By 71.9%

Absolute Select Value ETF (NYSEARCA:ABEQ) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 3,909 shares, a drop of 71.9% from the February 12th total of 13,921 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 28,869 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 28,869 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Absolute Select Value ETF Price Performance

NYSEARCA ABEQ traded down $0.04 on Friday, hitting $38.33. 878 shares of the company were exchanged, compared to its average volume of 17,990. Absolute Select Value ETF has a twelve month low of $30.86 and a twelve month high of $40.08. The firm has a market capitalization of $130.32 million, a P/E ratio of 18.77 and a beta of 0.53. The company’s 50 day moving average price is $38.10 and its 200-day moving average price is $36.51.

Absolute Select Value ETF Dividend Announcement

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

About Absolute Select Value ETF

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.