Adaptiv Select ETF (NYSEARCA:ADPV) Sees Large Growth in Short Interest

Adaptiv Select ETF (NYSEARCA:ADPV) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 6,913 shares, a growth of 336.2% from the July 15th total of 1,585 shares. Based on an average daily trading volume, of 11,106 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Adaptiv Select ETF

An institutional investor recently raised its position in Adaptiv Select ETF stock. West Michigan Advisors LLC raised its position in shares of Adaptiv Select ETF (NYSEARCA:ADPV) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,700 shares of the company’s stock after purchasing an additional 816 shares during the quarter. West Michigan Advisors LLC owned 0.23% of Adaptiv Select ETF worth $373,000 as of its most recent SEC filing.

Adaptiv Select ETF Trading Up 0.2%

NYSEARCA:ADPV traded up $0.09 during mid-day trading on Friday, reaching $46.11. The company’s stock had a trading volume of 7,462 shares, compared to its average volume of 12,866. Adaptiv Select ETF has a 12-month low of $38.44 and a 12-month high of $49.71. The firm’s fifty day moving average price is $46.30 and its two-hundred day moving average price is $44.80. The stock has a market cap of $183.98 million, a P/E ratio of 7.92 and a beta of 0.92.

Adaptiv Select ETF Company Profile

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.