Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Increases By 531.6%

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 24,690 shares, a growth of 531.6% from the February 26th total of 3,909 shares. Based on an average daily trading volume, of 19,323 shares, the short-interest ratio is currently 1.3 days. Currently, 0.7% of the shares of the stock are short sold. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,323 shares, the short-interest ratio is currently 1.3 days.

Absolute Select Value ETF Price Performance

ABEQ stock traded up $0.12 during trading on Tuesday, reaching $37.63. 15,070 shares of the company were exchanged, compared to its average volume of 17,216. The company has a market capitalization of $127.94 million, a price-to-earnings ratio of 18.77 and a beta of 0.53. The company has a 50-day moving average of $38.34 and a two-hundred day moving average of $36.66. Absolute Select Value ETF has a twelve month low of $30.86 and a twelve month high of $40.08.

Absolute Select Value ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.2247 per share. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 125.0%.

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.