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

Adaptiv Select ETF (NYSEARCA:ADPV) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,439 shares, an increase of 827.4% from the August 15th total of 263 shares. Based on an average daily volume of 9,541 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Adaptiv Select ETF Stock Performance

Shares of Adaptiv Select ETF stock traded down $0.72 during trading on Thursday, reaching $44.77. 4,999 shares of the company’s stock were exchanged, compared to its average volume of 12,355. Adaptiv Select ETF has a 1-year low of $38.57 and a 1-year high of $49.71. The company has a market cap of $178.63 million, a P/E ratio of 7.92 and a beta of 0.91. The firm’s 50-day moving average price is $45.39 and its 200 day moving average price is $44.83.

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.