Aptus Drawdown Managed Equity ETF (BATS:ADME) Short Interest Up 295.7% in June

Aptus Drawdown Managed Equity ETF (BATS:ADME) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 45,753 shares, an increase of 295.7% from the May 31st total of 11,563 shares. Based on an average daily volume of 30,669 shares, the short-interest ratio is presently 1.5 days. Currently, 1.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC acquired a new stake in Aptus Drawdown Managed Equity ETF during the 4th quarter worth approximately $56,000. Ascentis Independent Advisors acquired a new position in Aptus Drawdown Managed Equity ETF in the 1st quarter valued at approximately $94,000. JPMorgan Chase & Co. increased its position in Aptus Drawdown Managed Equity ETF by 108.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,872 shares of the company’s stock valued at $147,000 after acquiring an additional 1,492 shares during the period. Advisory Services Network LLC raised its stake in shares of Aptus Drawdown Managed Equity ETF by 35.7% during the fourth quarter. Advisory Services Network LLC now owns 21,670 shares of the company’s stock valued at $1,112,000 after acquiring an additional 5,701 shares during the last quarter. Finally, Waterloo Capital L.P. raised its stake in shares of Aptus Drawdown Managed Equity ETF by 1.6% during the fourth quarter. Waterloo Capital L.P. now owns 263,007 shares of the company’s stock valued at $13,495,000 after acquiring an additional 4,218 shares during the last quarter.

Aptus Drawdown Managed Equity ETF Trading Down 0.1%

Shares of ADME stock opened at $54.67 on Friday. The business’s 50-day moving average price is $55.01 and its 200-day moving average price is $52.62. Aptus Drawdown Managed Equity ETF has a 12 month low of $47.66 and a 12 month high of $56.67. The firm has a market capitalization of $250.94 million, a price-to-earnings ratio of 25.80 and a beta of 0.79.

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.