Short Interest in Adaptiv Select ETF (NYSEARCA:ADPV) Rises By 4,486.0%

Adaptiv Select ETF (NYSEARCA:ADPV) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 27,149 shares, a growth of 4,486.0% from the December 15th total of 592 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 11,736 shares, the short-interest ratio is currently 2.3 days. Based on an average daily trading volume, of 11,736 shares, the short-interest ratio is currently 2.3 days. Currently, 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Adaptiv Select ETF

A hedge fund recently bought a new stake in Adaptiv Select ETF stock. Worth Asset Management LLC purchased a new position in shares of Adaptiv Select ETF (NYSEARCA:ADPV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,048 shares of the company’s stock, valued at approximately $372,000. Worth Asset Management LLC owned approximately 0.28% of Adaptiv Select ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Adaptiv Select ETF Stock Up 0.5%

Shares of ADPV opened at $45.66 on Wednesday. Adaptiv Select ETF has a 52 week low of $32.81 and a 52 week high of $46.01. The company has a market capitalization of $171.68 million, a price-to-earnings ratio of 7.92 and a beta of 0.99. The stock’s 50-day moving average price is $43.06 and its 200-day moving average price is $41.82.

Adaptiv Select ETF Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were given a $0.2983 dividend. This represents a yield of 67.0%. The ex-dividend date was Tuesday, December 23rd.

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.