Aptus Drawdown Managed Equity ETF (BATS:ADME) Short Interest Up 85.9% in August

Aptus Drawdown Managed Equity ETF (BATS:ADME) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 26,805 shares, a growth of 85.9% from the July 30th total of 14,418 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 17,443 shares, the days-to-cover ratio is presently 1.5 days.

Aptus Drawdown Managed Equity ETF Price Performance

BATS ADME opened at $56.47 on Friday. The business has a fifty day moving average price of $55.81 and a two-hundred day moving average price of $53.94. Aptus Drawdown Managed Equity ETF has a fifty-two week low of $48.24 and a fifty-two week high of $57.35. The stock has a market capitalization of $259.20 million, a PE ratio of 25.80 and a beta of 0.79.

Institutional Trading of Aptus Drawdown Managed Equity ETF

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of Aptus Drawdown Managed Equity ETF by 108.1% in the third quarter. JPMorgan Chase & Co. now owns 2,872 shares of the company’s stock worth $147,000 after acquiring an additional 1,492 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of Aptus Drawdown Managed Equity ETF during the 1st quarter valued at approximately $94,000. Valeo Financial Advisors LLC bought a new stake in shares of Aptus Drawdown Managed Equity ETF during the 2nd quarter valued at approximately $231,000. Waterloo Capital L.P. grew its holdings in shares of Aptus Drawdown Managed Equity ETF by 1.6% during the 4th quarter. Waterloo Capital L.P. now owns 263,007 shares of the company’s stock valued at $13,495,000 after purchasing an additional 4,218 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in Aptus Drawdown Managed Equity ETF by 35.7% in the 4th quarter. Advisory Services Network LLC now owns 21,670 shares of the company’s stock valued at $1,112,000 after purchasing an additional 5,701 shares during the last quarter.

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.