Adaptiv Select ETF (NYSEARCA:ADPV) Sees Significant Drop in Short Interest

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 263 shares, a drop of 96.2% from the July 30th total of 6,913 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 10,363 shares, the days-to-cover ratio is currently 0.0 days.

Adaptiv Select ETF Stock Performance

Shares of ADPV traded up $0.20 during mid-day trading on Wednesday, reaching $45.25. The company had a trading volume of 3,262 shares, compared to its average volume of 12,690. The firm has a 50-day moving average price of $46.00 and a 200 day moving average price of $44.82. Adaptiv Select ETF has a 52 week low of $38.57 and a 52 week high of $49.71. The company has a market capitalization of $180.55 million, a price-to-earnings ratio of 7.92 and a beta of 0.92.

About Adaptiv Select ETF

The Adaptiv Select ETF (ADPV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that toggles between US large-cap equities and short-term US Treasurys, based on momentum. The fund’s strategy aims to limit drawdowns during market downtrends. ADPV was launched on Nov 4, 2022 and is managed by Adaptiv.