Short Interest in Aptus Drawdown Managed Equity ETF (BATS:ADME) Rises By 85.9%

Aptus Drawdown Managed Equity ETF (BATS:ADME) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 26,805 shares, a growth of 85.9% from the July 30th total of 14,418 shares. Based on an average daily volume of 17,443 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Trading of Aptus Drawdown Managed Equity ETF

Several large investors have recently modified their holdings of ADME. Valeo Financial Advisors LLC bought a new position in shares of Aptus Drawdown Managed Equity ETF in the second quarter worth $231,000. Advisory Services Network LLC grew its stake in Aptus Drawdown Managed Equity ETF by 35.7% during the fourth quarter. Advisory Services Network LLC now owns 21,670 shares of the company’s stock worth $1,112,000 after buying an additional 5,701 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Aptus Drawdown Managed Equity ETF by 108.1% during the third quarter. JPMorgan Chase & Co. now owns 2,872 shares of the company’s stock worth $147,000 after buying an additional 1,492 shares in the last quarter. Ascentis Independent Advisors bought a new position in Aptus Drawdown Managed Equity ETF in the 1st quarter valued at about $94,000. Finally, Waterloo Capital L.P. increased its holdings in Aptus Drawdown Managed Equity ETF by 1.6% in the 4th quarter. Waterloo Capital L.P. now owns 263,007 shares of the company’s stock valued at $13,495,000 after buying an additional 4,218 shares during the period.

Aptus Drawdown Managed Equity ETF Price Performance

Shares of BATS:ADME opened at $56.47 on Friday. The business’s 50 day simple moving average is $55.81 and its 200 day simple moving average is $53.94. Aptus Drawdown Managed Equity ETF has a 1 year low of $48.24 and a 1 year high of $57.35. The company has a market capitalization of $259.20 million, a P/E ratio of 25.80 and a beta of 0.79.

Aptus Drawdown Managed Equity ETF Company Profile

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.