Absolute Select Value ETF (NYSEARCA:ABEQ) Short Interest Down 44.3% in February

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 13,921 shares, a drop of 44.3% from the January 29th total of 24,977 shares. Based on an average trading volume of 13,178 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 13,178 shares, the short-interest ratio is currently 1.1 days.

Absolute Select Value ETF Trading Up 0.7%

Shares of NYSEARCA:ABEQ traded up $0.26 on Friday, reaching $40.06. 22,762 shares of the company traded hands, compared to its average volume of 17,855. The stock has a market capitalization of $136.20 million, a P/E ratio of 18.77 and a beta of 0.53. The business’s 50-day simple moving average is $37.61 and its 200 day simple moving average is $36.25. Absolute Select Value ETF has a 52 week low of $30.86 and a 52 week high of $40.08.

Absolute Select Value ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were issued a $0.2247 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend 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.