AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Short Interest Update

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 299 shares, a growth of 264.6% from the May 14th total of 82 shares. Based on an average trading volume of 986 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of AdvisorShares Insiders Advantage ETF

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. purchased a new stake in shares of AdvisorShares Insiders Advantage ETF in the first quarter valued at $37,000. Jones Financial Companies Lllp lifted its holdings in shares of AdvisorShares Insiders Advantage ETF by 97.1% in the third quarter. Jones Financial Companies Lllp now owns 1,443 shares of the company’s stock valued at $180,000 after purchasing an additional 711 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of AdvisorShares Insiders Advantage ETF in the third quarter valued at $200,000. Flow Traders U.S. LLC purchased a new stake in shares of AdvisorShares Insiders Advantage ETF in the third quarter valued at $235,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of AdvisorShares Insiders Advantage ETF in the fourth quarter valued at $265,000.

AdvisorShares Insiders Advantage ETF Price Performance

Shares of NYSEARCA:SURE traded up $0.60 on Friday, reaching $144.75. 13 shares of the company traded hands, compared to its average volume of 265. AdvisorShares Insiders Advantage ETF has a fifty-two week low of $113.00 and a fifty-two week high of $144.75. The company’s 50 day moving average is $137.15 and its 200-day moving average is $132.47. The stock has a market capitalization of $55.01 million, a PE ratio of 14.46 and a beta of 0.92.

About AdvisorShares Insiders Advantage ETF

The AdvisorShares Insider Advantage ETF (SURE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of US stocks selected using a proprietary model that follows insider buying and stock buyback strategies. SURE was launched on Sep 1, 2022 and is managed by AdvisorShares.