Aptus Defined Risk ETF (BATS:DRSK) Short Interest Down 51.0% in August

Aptus Defined Risk ETF (BATS:DRSK) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 13,504 shares, a drop of 51.0% from the August 15th total of 27,542 shares. Based on an average trading volume of 170,560 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Aptus Defined Risk ETF Stock Performance

Shares of DRSK stock opened at $27.79 on Tuesday. The firm has a market capitalization of $1.22 billion, a PE ratio of 26.47 and a beta of 0.37. The stock has a fifty day moving average of $28.48 and a two-hundred day moving average of $28.50. Aptus Defined Risk ETF has a 1 year low of $27.10 and a 1 year high of $30.15.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DRSK. Compass Financial Management LLC acquired a new stake in shares of Aptus Defined Risk ETF during the second quarter worth $103,000. Valeo Financial Advisors LLC acquired a new position in shares of Aptus Defined Risk ETF in the 2nd quarter valued at $408,000. Finally, Parallel Advisors LLC increased its stake in Aptus Defined Risk ETF by 3.7% in the 4th quarter. Parallel Advisors LLC now owns 15,699 shares of the company’s stock worth $447,000 after purchasing an additional 565 shares in the last quarter.

About Aptus Defined Risk ETF

The Aptus Defined Risk ETF (DRSK) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that combines US corporate bond exposure with an overlay of call options on US large-cap stocks. The fund seeks income and capital appreciation. DRSK was launched on Aug 8, 2018 and is managed by Aptus.