Aptus Drawdown Managed Equity ETF (BATS:ADME) Stock Short Interest Drops 57.5%

Aptus Drawdown Managed Equity ETF (BATS:ADME) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 8,467 shares, a drop of 57.5% from the September 15th total of 19,910 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 9,242 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Aptus Drawdown Managed Equity ETF stock. Ascentis Independent Advisors acquired a new stake in Aptus Drawdown Managed Equity ETF (BATS:ADME) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,896 shares of the company’s stock, valued at approximately $94,000.

Aptus Drawdown Managed Equity ETF Price Performance

Shares of Aptus Drawdown Managed Equity ETF stock opened at $57.06 on Wednesday. The firm has a 50 day simple moving average of $56.54 and a 200 day simple moving average of $55.13. Aptus Drawdown Managed Equity ETF has a fifty-two week low of $48.24 and a fifty-two week high of $57.42. The firm has a market cap of $261.91 million, a P/E ratio of 25.80 and a beta of 0.79.

About Aptus Drawdown Managed Equity ETF

The Aptus Drawdown Managed Equity ETF (ADME) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to select large-cap US stocks that exhibit positive fundamental and momentum characteristics combined with a downside hedge. ADME was launched on Jun 8, 2016 and is managed by Aptus.