Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Up 58.4% in March

Adaptiv Select ETF (NYSEARCA:ADPV) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 3,226 shares, a growth of 58.4% from the February 26th total of 2,037 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 14,019 shares, the short-interest ratio is presently 0.2 days.

Adaptiv Select ETF Price Performance

Shares of NYSEARCA ADPV traded down $0.25 on Friday, hitting $41.83. The company’s stock had a trading volume of 20,868 shares, compared to its average volume of 13,847. The stock has a 50 day moving average of $43.91 and a 200-day moving average of $43.42. The company has a market capitalization of $157.28 million, a price-to-earnings ratio of 7.92 and a beta of 0.99. Adaptiv Select ETF has a 12-month low of $33.56 and a 12-month high of $46.31.

Institutional Investors Weigh In On Adaptiv Select ETF

An institutional investor recently raised its position in Adaptiv Select ETF stock. Worth Asset Management LLC lifted its position in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 11.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,197 shares of the company’s stock after buying an additional 1,149 shares during the quarter. Worth Asset Management LLC owned approximately 0.29% of Adaptiv Select ETF worth $476,000 at the end of the most recent quarter.

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.