Aptus Defined Risk ETF (BATS:DRSK) Sets New 52-Week Low – What’s Next?

Aptus Defined Risk ETF (BATS:DRSK)’s share price reached a new 52-week low during trading on Tuesday. The stock traded as low as $27.10 and last traded at $27.12, with a volume of 5122 shares changing hands. The stock had previously closed at $27.44.

Aptus Defined Risk ETF Stock Down 1.3%

The firm has a market cap of $1.19 billion, a P/E ratio of 26.47 and a beta of 0.37. The business’s 50 day moving average is $28.30 and its 200-day moving average is $28.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in shares of Aptus Defined Risk ETF by 3.7% in the fourth quarter. Parallel Advisors LLC now owns 15,699 shares of the company’s stock worth $447,000 after purchasing an additional 565 shares during the period. Compass Financial Management LLC acquired a new position in shares of Aptus Defined Risk ETF during the second quarter worth approximately $103,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Aptus Defined Risk ETF during the second quarter worth approximately $408,000.

Aptus Defined Risk ETF Company Profile

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.