Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Drops By 50.8%

Absolute Select Value ETF (NYSEARCA:ABEQ) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 3,355 shares, a drop of 50.8% from the June 15th total of 6,818 shares. Based on an average daily volume of 11,909 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Absolute Select Value ETF Stock Down 0.2%

NYSEARCA:ABEQ traded down $0.08 during mid-day trading on Wednesday, reaching $37.13. The company’s stock had a trading volume of 50,309 shares, compared to its average volume of 15,167. The firm has a market capitalization of $140.35 million, a PE ratio of 18.77 and a beta of 0.45. The stock has a fifty day moving average of $37.36 and a 200-day moving average of $37.69. Absolute Select Value ETF has a 1 year low of $33.95 and a 1 year high of $40.08.

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.