Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Shares Shorted: Short Interest Down 49.5% in October

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,615 shares, a decline of 49.5% from the September 30th total of 3,196 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 2,007 shares, the days-to-cover ratio is currently 0.8 days.

Gabelli Financial Services Opportunities ETF Stock Performance

Shares of Gabelli Financial Services Opportunities ETF stock traded down $0.41 during trading hours on Friday, reaching $43.19. The company’s stock had a trading volume of 220 shares, compared to its average volume of 5,881. The company’s 50 day simple moving average is $43.88 and its 200 day simple moving average is $44.20. Gabelli Financial Services Opportunities ETF has a one year low of $38.34 and a one year high of $48.25. The stock has a market cap of $51.83 million, a P/E ratio of 19.92 and a beta of 1.07.

Institutional Trading of Gabelli Financial Services Opportunities ETF

A hedge fund recently bought a new position in Gabelli Financial Services Opportunities ETF stock. Mirae Asset Securities USA Inc. acquired a new position in shares of Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,662 shares of the company’s stock, valued at approximately $236,000. Mirae Asset Securities USA Inc. owned about 0.47% of Gabelli Financial Services Opportunities ETF 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.