Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Sees Significant Decrease in Short Interest

Gabelli Growth Innovators ETF (NYSEARCA:GGRW) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 198 shares, a drop of 56.7% from the April 30th total of 457 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 427 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Gabelli Growth Innovators ETF

A hedge fund recently bought a new stake in Gabelli Growth Innovators ETF stock. Gamco Investors INC. ET AL purchased a new stake in Gabelli Growth Innovators ETF (NYSEARCA:GGRW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the company’s stock, valued at approximately $3,526,000. Gamco Investors INC. ET AL owned approximately 58.82% of Gabelli Growth Innovators ETF at the end of the most recent reporting period.

Gabelli Growth Innovators ETF Stock Performance

GGRW stock traded up $0.12 during mid-day trading on Friday, reaching $37.61. The company had a trading volume of 108 shares, compared to its average volume of 954. Gabelli Growth Innovators ETF has a fifty-two week low of $31.44 and a fifty-two week high of $37.61. The company has a market capitalization of $7.52 million, a price-to-earnings ratio of 43.52 and a beta of 1.25. The firm has a fifty day simple moving average of $35.24 and a 200 day simple moving average of $35.05.

Gabelli Growth Innovators ETF Company Profile

The Gabelli Growth Innovators ETF (GGRW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks growth of capital and income by targeting US-listed companies with high future earnings potential relative to their current market value and considered to be innovative in their industry. The fund utilizes the Precidian non-transparent model. GGRW was launched on Feb 16, 2021 and is managed by Gabelli.