Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Down 27.1% in January

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,717 shares, a drop of 27.1% from the January 15th total of 2,356 shares. Based on an average daily volume of 18,729 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 18,729 shares, the days-to-cover ratio is presently 0.1 days.

Adaptiv Select ETF Stock Up 0.3%

Shares of ADPV opened at $44.66 on Friday. The company has a market cap of $167.92 million, a P/E ratio of 7.92 and a beta of 0.99. Adaptiv Select ETF has a fifty-two week low of $32.81 and a fifty-two week high of $46.31. The firm’s 50 day moving average price is $44.50 and its 200 day moving average price is $42.82.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Adaptiv Select ETF stock. West Michigan Advisors LLC boosted its stake in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the quarter. West Michigan Advisors LLC owned approximately 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.

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.