AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Short Interest Up 161.6% in May

by · The Cerbat Gem

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,456 shares, an increase of 161.6% from the April 30th total of 2,468 shares. Based on an average trading volume of 1,237 shares, the days-to-cover ratio is currently 5.2 days. Currently, 0.6% of the shares of the stock are sold short.

AdvisorShares Gerber Kawasaki ETF Trading Up 0.6%

Shares of NYSEARCA:GK traded up $0.18 during midday trading on Friday, reaching $29.92. 2,641 shares of the company were exchanged, compared to its average volume of 1,244. The business’s fifty day moving average is $26.51 and its two-hundred day moving average is $25.94. AdvisorShares Gerber Kawasaki ETF has a one year low of $21.86 and a one year high of $30.01. The stock has a market cap of $32.01 million, a PE ratio of 10.50 and a beta of 1.37.

Hedge Funds Weigh In On AdvisorShares Gerber Kawasaki ETF

A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 920,489 shares of the company’s stock after purchasing an additional 13,539 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned 86.03% of AdvisorShares Gerber Kawasaki ETF worth $24,111,000 as of its most recent filing with the Securities & Exchange Commission. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

AdvisorShares Gerber Kawasaki ETF Company Profile

(Get Free Report)

The AdvisorShares Gerber Kawasaki ETF (GK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that offers exposure to a portfolio of US growth stocks across multiple investment themes believed to represent top thematic macro opportunities. GK was launched on Jul 2, 2021 and is managed by AdvisorShares.

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