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 April 18, 2024, ADME stock price declined to $40.29 with 6,744 million shares trading.

ADME has a market cap of $156.78 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 $32.56.

ADME has underperformed the market in the last year with a return of +15.5%, while the SPY ETF gained +22.2%. In the last 3 month period, ADME fell short of the market, returning +4.3%, while SPY returned +5.2%. However, in the most recent 2 weeks ADME has outperformed the stock market by returning -2.4%, while SPY returned -2.6%.

ADME support price is $40.13 and resistance is $40.77 (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.