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

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 3,226 shares, a growth of 58.4% from the February 26th total of 2,037 shares. Based on an average daily volume of 14,019 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Adaptiv Select ETF stock. Worth Asset Management LLC lifted its holdings in Adaptiv Select ETF (NYSEARCA:ADPV) by 11.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,197 shares of the company’s stock after purchasing an additional 1,149 shares during the quarter. Worth Asset Management LLC owned 0.29% of Adaptiv Select ETF worth $476,000 at the end of the most recent quarter.

Adaptiv Select ETF Stock Down 0.6%

Adaptiv Select ETF stock traded down $0.25 during midday trading on Friday, reaching $41.83. 20,868 shares of the stock traded hands, compared to its average volume of 13,847. The stock’s fifty day moving average is $43.91 and its 200-day moving average is $43.40. Adaptiv Select ETF has a 12 month low of $33.56 and a 12 month high of $46.31. The stock has a market cap of $157.28 million, a P/E ratio of 7.92 and a beta of 0.99.

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.