Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Shares Shorted: Short Interest Down 36.0% in September

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 4,817 shares, a decrease of 36.0% from the August 31st total of 7,523 shares. Based on an average daily volume of 2,013 shares, the short-interest ratio is presently 2.4 days. Currently, 0.4% of the company’s shares are sold short.

Gabelli Financial Services Opportunities ETF Price Performance

Shares of NYSEARCA GABF traded up $0.34 during mid-day trading on Friday, hitting $42.40. The company’s stock had a trading volume of 4,354 shares, compared to its average volume of 6,371. Gabelli Financial Services Opportunities ETF has a one year low of $38.34 and a one year high of $48.46. The company’s fifty day simple moving average is $45.38 and its 200-day simple moving average is $44.31. The stock has a market cap of $50.88 million, a price-to-earnings ratio of 19.92 and a beta of 1.07.

Institutional Trading of Gabelli Financial Services Opportunities ETF

An institutional investor recently raised its stake in Gabelli Financial Services Opportunities ETF stock. Gabelli Funds LLC grew its stake in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) by 805.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 407,363 shares of the company’s stock after purchasing an additional 362,363 shares during the quarter. Gabelli Funds LLC owned about 33.95% of Gabelli Financial Services Opportunities ETF worth $16,954,000 at the end of the most recent reporting period.

About Gabelli Financial Services Opportunities ETF

The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.