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

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 16,874 shares, an increase of 566.4% from the June 15th total of 2,532 shares. Based on an average daily trading volume, of 16,870 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the shares of the company are sold short.

Adaptiv Select ETF Stock Performance

Adaptiv Select ETF stock traded down $0.32 during trading hours on Friday, reaching $46.17. 5,961 shares of the stock were exchanged, compared to its average volume of 13,439. The stock has a market cap of $182.83 million, a P/E ratio of 7.92 and a beta of 0.90. Adaptiv Select ETF has a 52-week low of $37.79 and a 52-week high of $49.71. The firm’s 50 day moving average is $46.55 and its 200 day moving average is $44.68.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC boosted its position in Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the period. West Michigan Advisors LLC owned about 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

About Adaptiv Select ETF

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.