Absolute Select Value ETF (NYSEARCA:ABEQ) Short Interest Up 211.8% in June

Absolute Select Value ETF (NYSEARCA:ABEQ) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 6,818 shares, a growth of 211.8% from the May 31st total of 2,187 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 11,316 shares, the days-to-cover ratio is presently 0.6 days.

Absolute Select Value ETF Stock Down 0.8%

Shares of ABEQ traded down $0.30 during mid-day trading on Monday, hitting $37.36. The company had a trading volume of 6,243 shares, compared to its average volume of 14,849. The stock has a market cap of $138.98 million, a PE ratio of 18.77 and a beta of 0.45. The business’s 50-day simple moving average is $37.43 and its 200-day simple moving average is $37.58. Absolute Select Value ETF has a 1-year low of $33.89 and a 1-year high of $40.08.

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.