Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Up 144.2% in February

Adaptiv Select ETF (NYSEARCA:ADPV) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 4,193 shares, a growth of 144.2% from the January 29th total of 1,717 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 13,704 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 13,704 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Adaptiv Select ETF

A hedge fund recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC increased its position in Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the quarter. West Michigan Advisors LLC owned approximately 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.

Adaptiv Select ETF Trading Up 0.8%

NYSEARCA ADPV opened at $45.91 on Friday. The stock has a market cap of $172.62 million, a PE ratio of 7.92 and a beta of 0.99. Adaptiv Select ETF has a 12 month low of $32.81 and a 12 month high of $46.31. The company’s 50-day moving average price is $44.83 and its 200-day moving average price is $43.15.

Adaptiv Select ETF Company Profile

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.