Absolute Select Value ETF (NYSEARCA:ABEQ) Short Interest Down 20.8% in April

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 19,319 shares, a decline of 20.8% from the March 31st total of 24,385 shares. Based on an average trading volume of 13,345 shares, the short-interest ratio is presently 1.4 days. Approximately 0.5% of the company’s stock are sold short.

Absolute Select Value ETF Price Performance

Shares of Absolute Select Value ETF stock traded down $0.21 during trading on Friday, reaching $37.55. 10,003 shares of the company traded hands, compared to its average volume of 16,135. Absolute Select Value ETF has a 1-year low of $33.46 and a 1-year high of $40.08. The company has a 50 day moving average price of $38.28 and a 200-day moving average price of $37.04. The firm has a market capitalization of $139.69 million, a PE ratio of 18.77 and a beta of 0.46.

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.