Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Rises By 135.0%

Absolute Select Value ETF (NYSEARCA:ABEQ) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 24,977 shares, a growth of 135.0% from the January 15th total of 10,627 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 22,908 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 22,908 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the company’s shares are sold short.

Absolute Select Value ETF Price Performance

Shares of ABEQ stock traded up $0.31 on Friday, reaching $39.03. 3,994 shares of the stock were exchanged, compared to its average volume of 14,566. Absolute Select Value ETF has a one year low of $30.86 and a one year high of $39.35. The stock has a market cap of $132.70 million, a PE ratio of 18.77 and a beta of 0.53. The stock has a 50 day moving average price of $36.87 and a 200 day moving average price of $35.87.

Absolute Select Value ETF Announces Dividend

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

Absolute Select Value ETF Company Profile

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.