Short Interest in Adaptiv Select ETF (NYSEARCA:ADPV) Decreases By 96.2%

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 263 shares, a drop of 96.2% from the July 30th total of 6,913 shares. Based on an average daily trading volume, of 10,363 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Adaptiv Select ETF Stock Up 0.5%

Shares of ADPV stock opened at $45.27 on Thursday. Adaptiv Select ETF has a 12 month low of $38.57 and a 12 month high of $49.71. The stock has a 50 day moving average of $45.96 and a 200-day moving average of $44.84. The firm has a market cap of $180.63 million, a PE ratio of 7.92 and a beta of 0.92.

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.