Absolute Select Value ETF (NYSEARCA:ABEQ) Sees Large Drop in Short Interest

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,187 shares, a decline of 89.4% from the May 14th total of 20,711 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 12,557 shares, the days-to-cover ratio is currently 0.2 days.

Absolute Select Value ETF Stock Up 0.2%

Shares of ABEQ stock traded up $0.08 on Thursday, hitting $37.06. The company had a trading volume of 4,187 shares, compared to its average volume of 15,308. The firm has a market cap of $137.86 million, a P/E ratio of 18.77 and a beta of 0.45. The company has a 50-day moving average price of $37.54 and a 200-day moving average price of $37.47. Absolute Select Value ETF has a twelve month low of $33.89 and a twelve month high of $40.08.

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.