Aptus Drawdown Managed Equity ETF (BATS:ADME) Short Interest Down 65.2% in July

Aptus Drawdown Managed Equity ETF (BATS:ADME) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 14,418 shares, a decline of 65.2% from the July 15th total of 41,424 shares. Based on an average daily volume of 12,778 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the shares of the stock are sold short.

Aptus Drawdown Managed Equity ETF Stock Up 0.8%

Shares of BATS ADME opened at $57.22 on Friday. The firm has a 50-day simple moving average of $55.56 and a 200-day simple moving average of $53.61. The stock has a market capitalization of $262.64 million, a price-to-earnings ratio of 25.80 and a beta of 0.79. Aptus Drawdown Managed Equity ETF has a 52 week low of $48.24 and a 52 week high of $57.35.

Institutional Trading of Aptus Drawdown Managed Equity ETF

Several large investors have recently bought and sold shares of the business. Valeo Financial Advisors LLC acquired a new stake in Aptus Drawdown Managed Equity ETF in the 2nd quarter valued at about $231,000. Ascentis Independent Advisors acquired a new position in shares of Aptus Drawdown Managed Equity ETF during the 1st quarter worth approximately $94,000. Advisory Services Network LLC boosted its holdings in shares of Aptus Drawdown Managed Equity ETF by 35.7% during the 4th quarter. Advisory Services Network LLC now owns 21,670 shares of the company’s stock worth $1,112,000 after purchasing an additional 5,701 shares during the last quarter. Waterloo Capital L.P. grew its position in shares of Aptus Drawdown Managed Equity ETF by 1.6% in the fourth quarter. Waterloo Capital L.P. now owns 263,007 shares of the company’s stock valued at $13,495,000 after purchasing an additional 4,218 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Aptus Drawdown Managed Equity ETF by 108.1% in the third quarter. JPMorgan Chase & Co. now owns 2,872 shares of the company’s stock valued at $147,000 after purchasing an additional 1,492 shares in the last quarter.

About Aptus Drawdown Managed Equity ETF

The Aptus Drawdown Managed Equity ETF (ADME) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to select large-cap US stocks that exhibit positive fundamental and momentum characteristics combined with a downside hedge. ADME was launched on Jun 8, 2016 and is managed by Aptus.