Adaptiv Select ETF (NYSEARCA:ADPV) Sees Significant Increase in Short Interest

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 18,985 shares, an increase of 1,093.3% from the September 15th total of 1,591 shares. Based on an average daily trading volume, of 11,900 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.5% of the shares of the stock are short sold.

Adaptiv Select ETF Stock Up 0.9%

Shares of NYSEARCA:ADPV traded up $0.39 during trading on Friday, reaching $44.28. The stock had a trading volume of 7,935 shares, compared to its average volume of 12,097. The stock has a market cap of $177.12 million, a P/E ratio of 7.92 and a beta of 0.92. The business has a fifty day moving average price of $44.73 and a 200-day moving average price of $44.99. Adaptiv Select ETF has a fifty-two week low of $38.57 and a fifty-two week high of $49.71.

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.