Aptus Drawdown Managed Equity ETF (BATS:ADME) Short Interest Down 65.2% in July

Aptus Drawdown Managed Equity ETF (BATS:ADME) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 14,418 shares, a decrease of 65.2% from the July 15th total of 41,424 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,778 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Aptus Drawdown Managed Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADME. Ascentis Independent Advisors acquired a new stake in shares of Aptus Drawdown Managed Equity ETF in the first quarter valued at about $94,000. JPMorgan Chase & Co. raised its position in shares of Aptus Drawdown Managed Equity ETF by 108.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,872 shares of the company’s stock worth $147,000 after purchasing an additional 1,492 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in Aptus Drawdown Managed Equity ETF in the 2nd quarter valued at about $231,000. Advisory Services Network LLC raised its holdings in shares of 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 valued at $1,112,000 after acquiring an additional 5,701 shares during the last quarter. Finally, Waterloo Capital L.P. lifted its position in shares of Aptus Drawdown Managed Equity ETF by 1.6% in the fourth quarter. Waterloo Capital L.P. now owns 263,007 shares of the company’s stock valued at $13,495,000 after acquiring an additional 4,218 shares in the last quarter.

Aptus Drawdown Managed Equity ETF Price Performance

Shares of BATS:ADME opened at $57.22 on Friday. The business’s 50 day moving average price is $55.56 and its 200-day moving average price is $53.61. Aptus Drawdown Managed Equity ETF has a 1 year low of $48.24 and a 1 year high of $57.35. The firm has a market capitalization of $262.64 million, a price-to-earnings ratio of 25.80 and a beta of 0.79.

About Aptus Drawdown Managed Equity ETF

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.