Guru Favorite Stocks ETF (NASDAQ:GFGF) Sees Large Decrease in Short Interest

Guru Favorite Stocks ETF (NASDAQ:GFGF) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 243 shares, a drop of 29.2% from the December 31st total of 343 shares. Based on an average daily volume of 1,655 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,655 shares, the days-to-cover ratio is presently 0.1 days.

Guru Favorite Stocks ETF Stock Down 0.7%

Shares of NASDAQ GFGF traded down $0.26 on Friday, hitting $35.13. The company had a trading volume of 152 shares, compared to its average volume of 1,098. Guru Favorite Stocks ETF has a 12-month low of $27.85 and a 12-month high of $36.15. The firm has a market capitalization of $37.24 million, a P/E ratio of 31.06 and a beta of 1.06. The business has a 50 day moving average of $35.37 and a two-hundred day moving average of $34.25.

Guru Favorite Stocks ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were given a $0.0752 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a yield of 21.0%.

Institutional Investors Weigh In On Guru Favorite Stocks ETF

An institutional investor recently raised its position in Guru Favorite Stocks ETF stock. Royal Bank of Canada raised its position in Guru Favorite Stocks ETF (NASDAQ:GFGF) by 96.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,750 shares of the company’s stock after buying an additional 6,269 shares during the period. Royal Bank of Canada owned approximately 1.20% of Guru Favorite Stocks ETF worth $390,000 at the end of the most recent quarter.

About Guru Favorite Stocks ETF

The Guru Favorite Stocks ETF Guru Favorite Stocks Fund (GFGF) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US-listed companies that are favored by prominent long-term investors. GFGF was launched on Dec 16, 2021 and is managed by Alpha Architect.