Short Interest in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Decreases By 42.3%

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 3,918 shares, a decline of 42.3% from the June 30th total of 6,786 shares. Based on an average daily trading volume, of 1,392 shares, the days-to-cover ratio is currently 2.8 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On AdvisorShares Gerber Kawasaki ETF

A hedge fund recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management lifted its position in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 934,728 shares of the company’s stock after purchasing an additional 14,239 shares during the period. Gerber Kawasaki Wealth & Investment Management owned about 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 at the end of the most recent reporting period. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

AdvisorShares Gerber Kawasaki ETF Price Performance

Shares of GK stock traded up $1.10 during trading hours on Thursday, reaching $27.99. 567 shares of the stock were exchanged, compared to its average volume of 1,341. The business’s fifty day moving average is $28.96 and its two-hundred day moving average is $26.91. The firm has a market capitalization of $30.51 million, a P/E ratio of 9.82 and a beta of 1.38. AdvisorShares Gerber Kawasaki ETF has a 12-month low of $22.69 and a 12-month 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.