Aptus Drawdown Managed Equity ETF (BATS:ADME) Sees Significant Drop in Short Interest

Aptus Drawdown Managed Equity ETF (BATS:ADME) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 4,234 shares, a decline of 75.3% from the October 15th total of 17,136 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 19,845 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Aptus Drawdown Managed Equity ETF

An institutional investor recently bought a new stake in Aptus Drawdown Managed Equity ETF stock. Valeo Financial Advisors LLC acquired a new stake in Aptus Drawdown Managed Equity ETF (BATS:ADME) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,153 shares of the company’s stock, valued at approximately $231,000. Valeo Financial Advisors LLC owned approximately 0.09% of Aptus Drawdown Managed Equity ETF at the end of the most recent quarter.

Aptus Drawdown Managed Equity ETF Stock Performance

Shares of BATS ADME opened at $55.73 on Friday. The firm’s 50 day moving average price is $56.24 and its 200-day moving average price is $54.47. The company has a market cap of $305.96 million, a PE ratio of 23.42 and a beta of 0.81. Aptus Drawdown Managed Equity ETF has a 52-week low of $48.24 and a 52-week high of $57.42.

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.