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

Adaptiv Select ETF (NYSEARCA:ADPV) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 4,666 shares, an increase of 44.6% from the March 15th total of 3,226 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 10,385 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Adaptiv Select ETF

A hedge fund recently raised its stake in Adaptiv Select ETF stock. Worth Asset Management LLC increased its stake in Adaptiv Select ETF (NYSEARCA:ADPV) by 11.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,197 shares of the company’s stock after purchasing an additional 1,149 shares during the quarter. Worth Asset Management LLC owned about 0.29% of Adaptiv Select ETF worth $476,000 at the end of the most recent quarter.

Adaptiv Select ETF Price Performance

Shares of ADPV traded down $0.20 during mid-day trading on Wednesday, hitting $41.69. The stock had a trading volume of 4,362 shares, compared to its average volume of 14,607. The firm has a market cap of $157.59 million, a P/E ratio of 7.92 and a beta of 1.00. The business has a fifty day moving average price of $43.18 and a 200-day moving average price of $43.43. Adaptiv Select ETF has a 52 week low of $33.56 and a 52 week high of $46.31.

About Adaptiv Select ETF

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.