AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Sees Significant Decline in Short Interest

by · The Markets Daily

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,918 shares, a decline of 42.3% from the June 30th total of 6,786 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,392 shares, the days-to-cover ratio is presently 2.8 days.

AdvisorShares Gerber Kawasaki ETF Stock Up 1.0%

Shares of AdvisorShares Gerber Kawasaki ETF stock traded up $0.29 during trading on Friday, reaching $28.28. The company’s stock had a trading volume of 1,918 shares, compared to its average volume of 1,344. The company has a market cap of $30.83 million, a price-to-earnings ratio of 9.92 and a beta of 1.38. The firm’s 50-day moving average is $28.95 and its two-hundred day moving average is $26.93. AdvisorShares Gerber Kawasaki ETF has a 52-week low of $22.69 and a 52-week high of $30.20.

Institutional Investors 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 lifted its position in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 934,728 shares of the company’s stock after purchasing an additional 14,239 shares during the period. Gerber Kawasaki Wealth & Investment Management owned 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 91.13% of the company’s stock.

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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