Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Increases By 127.2%

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 10,627 shares, a growth of 127.2% from the December 31st total of 4,677 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 7,742 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 7,742 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.3% of the company’s shares are short sold.

Absolute Select Value ETF Trading Up 1.2%

Shares of ABEQ stock traded up $0.45 on Thursday, reaching $38.05. The company’s stock had a trading volume of 45,682 shares, compared to its average volume of 13,983. The company has a market capitalization of $130.13 million, a price-to-earnings ratio of 18.77 and a beta of 0.53. Absolute Select Value ETF has a 1 year low of $30.86 and a 1 year high of $38.05. The stock’s fifty day simple moving average is $36.36 and its 200-day simple moving average is $35.58.

Absolute Select Value ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.2247 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a 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.