Adaptiv Select ETF (NYSEARCA:ADPV) Short Interest Up 336.2% in July

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,913 shares, an increase of 336.2% from the July 15th total of 1,585 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 11,106 shares, the short-interest ratio is currently 0.6 days.

Adaptiv Select ETF Price Performance

ADPV stock traded up $0.11 during trading on Thursday, reaching $46.02. 18,326 shares of the stock traded hands, compared to its average volume of 12,916. The firm has a market capitalization of $183.62 million, a PE ratio of 7.92 and a beta of 0.92. The business’s 50 day moving average price is $46.30 and its 200-day moving average price is $44.80. Adaptiv Select ETF has a 52-week low of $38.44 and a 52-week high of $49.71.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Adaptiv Select ETF stock. West Michigan Advisors LLC lifted its holdings in Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,700 shares of the company’s stock after acquiring an additional 816 shares during the period. West Michigan Advisors LLC owned approximately 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.

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.