Aptus Drawdown Managed Equity ETF (BATS:ADME) Sees Large Increase in Short Interest

Aptus Drawdown Managed Equity ETF (BATS:ADME) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 17,136 shares, an increase of 102.4% from the September 30th total of 8,467 shares. Based on an average daily volume of 7,752 shares, the short-interest ratio is currently 2.2 days. Approximately 0.4% of the shares of the company are short sold.

Aptus Drawdown Managed Equity ETF Stock Performance

Shares of ADME opened at $55.59 on Friday. Aptus Drawdown Managed Equity ETF has a fifty-two week low of $48.24 and a fifty-two week high of $57.42. The firm has a market cap of $255.16 million, a P/E ratio of 25.80 and a beta of 0.79. The business has a 50-day moving average of $56.42 and a 200 day moving average of $54.31.

Institutional Investors Weigh In On Aptus Drawdown Managed Equity ETF

A hedge fund recently bought a new position in Aptus Drawdown Managed Equity ETF stock. Ascentis Independent Advisors acquired a new position in Aptus Drawdown Managed Equity ETF (BATS:ADME) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,896 shares of the company’s stock, valued at approximately $94,000.

Aptus Drawdown Managed Equity ETF Company Profile

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.