AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Short Interest Down 57.5% in July

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,665 shares, a decrease of 57.5% from the July 15th total of 3,918 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 988 shares, the days-to-cover ratio is presently 1.7 days.

AdvisorShares Gerber Kawasaki ETF Price Performance

Shares of GK traded down $0.02 during mid-day trading on Friday, reaching $29.93. 2,814 shares of the company’s stock were exchanged, compared to its average volume of 1,344. The stock has a market capitalization of $32.62 million, a PE ratio of 10.50 and a beta of 1.38. The business’s fifty day simple moving average is $28.93 and its 200-day simple moving average is $27.16. AdvisorShares Gerber Kawasaki ETF has a 52-week low of $22.69 and a 52-week high of $30.20.

Institutional Trading of AdvisorShares Gerber Kawasaki ETF

A hedge fund recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. 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 approximately 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 as of its most recent filing with the SEC. 91.13% of the stock is owned by institutional investors.

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.