AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,918 shares, a drop of 42.3% from the June 30th total of 6,786 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,392 shares, the days-to-cover ratio is presently 2.8 days.
Institutional Inflows and Outflows
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% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 934,728 shares of the company’s stock after acquiring an additional 14,239 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned approximately 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 91.13% of the stock is owned by hedge funds and other institutional investors.
AdvisorShares Gerber Kawasaki ETF Stock Performance
Shares of NYSEARCA GK remained flat at $27.64 during mid-day trading on Wednesday. The company had a trading volume of 74 shares, compared to its average volume of 1,353. The stock has a 50 day moving average of $28.99 and a two-hundred day moving average of $26.91. The company has a market capitalization of $30.13 million, a P/E ratio of 9.70 and a beta of 1.38. AdvisorShares Gerber Kawasaki ETF has a one year low of $22.69 and a one year high of $30.20.
About AdvisorShares Gerber Kawasaki ETF
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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