Short Interest in Absolute Select Value ETF (NYSEARCA:ABEQ) Rises By 135.0%

Absolute Select Value ETF (NYSEARCA:ABEQ) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 24,977 shares, an increase of 135.0% from the January 15th total of 10,627 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,908 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 22,908 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.7% of the shares of the stock are short sold.

Absolute Select Value ETF Price Performance

NYSEARCA ABEQ traded down $0.51 on Thursday, hitting $38.72. The company had a trading volume of 8,793 shares, compared to its average volume of 14,934. The company’s fifty day moving average price is $36.82 and its 200-day moving average price is $35.85. The company has a market capitalization of $131.65 million, a PE ratio of 18.77 and a beta of 0.53. Absolute Select Value ETF has a 12-month low of $30.86 and a 12-month high of $39.35.

Absolute Select Value ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were issued a $0.2247 dividend. This represents a yield of 125.0%. The ex-dividend date was Tuesday, December 30th.

Absolute Select Value ETF Company Profile

The Absolute Select Value ETF (ABEQ) is an exchange-traded fund that is based on the SSGA Total Stock Market index. The fund is an actively-managed portfolio of US stocks seeking positive absolute returns. ABEQ was launched on Jan 22, 2020 and is managed by Absolute.