ADME Stock Summary and Trading Ideas (Aptus Drawdown Managed Equity ETF | BATS:ADME)

The Aptus Drawdown Managed Equity ETF seeks capital appreciation with a focus on managing drawdown risk through hedges. Equity holdings are selected using a yield + growth framework, favoring companies who pass our requirements for growth, momentum, value, and yield.

Aptus Drawdown Managed Equity ETF trades on the BATS stock market under the symbol ADME.

As of May 31, 2023, ADME stock price declined to $34.78 with 189,288 million shares trading.

ADME has a beta of 0.71, meaning it tends to be less sensitive to market movements. ADME has a correlation of 0.91 to the broad based SPY ETF.

ADME has a market cap of $187.53 million. This is considered a Micro Cap stock.

In the last 3 years, ADME stock traded as high as $43.67 and as low as $31.23.

ADME has underperformed the market in the last year with a price return of -7.5% while the SPY ETF gained +2.3%. ADME has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.5% and +0.7%, respectively, while the SPY returned +5.9% and +1.9%, respectively.

ADME support price is $34.66 and resistance is $35.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADME stock will trade within this expected range on the day.