Absolute Select Value ETF (NYSEARCA:ABEQ) Short Interest Update

Absolute Select Value ETF (NYSEARCA:ABEQ) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 12,862 shares, a growth of 77.5% from the August 15th total of 7,246 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 17,287 shares, the short-interest ratio is presently 0.7 days.

Absolute Select Value ETF Stock Up 0.1%

Shares of ABEQ stock opened at $38.58 on Friday. Absolute Select Value ETF has a 52-week low of $34.31 and a 52-week high of $40.08. The stock has a market cap of $154.28 million, a PE ratio of 18.77 and a beta of 0.45. The business has a 50-day simple moving average of $38.52 and a 200-day simple moving average of $37.99.

Absolute Select Value ETF Dividend Announcement

The company also recently disclosed a semiannual dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 26th were paid a dividend of $0.2265 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a dividend yield of 120.0%.

Absolute Select Value ETF Company Profile

The Absolute Select Value ETF (ABEQ) is an exchange-traded fund that is based on the SSGA Total Stock Market index. The fund is an actively-managed portfolio of US stocks seeking positive absolute returns. ABEQ was launched on Jan 22, 2020 and is managed by Absolute.