Gabelli Growth Innovators ETF (NYSEARCA:GGRW – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 297 shares, a growth of 212.6% from the August 15th total of 95 shares. Based on an average daily trading volume, of 290 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the shares of the stock are short sold.
Gabelli Growth Innovators ETF Stock Performance
Shares of NYSEARCA GGRW traded up $0.38 during mid-day trading on Friday, reaching $36.94. The company’s stock had a trading volume of 169 shares, compared to its average volume of 742. The stock has a 50-day moving average of $37.40 and a two-hundred day moving average of $36.19. The stock has a market capitalization of $7.39 million, a P/E ratio of 43.52 and a beta of 1.23. Gabelli Growth Innovators ETF has a 1-year low of $31.44 and a 1-year high of $38.72.
Institutional Trading of Gabelli Growth Innovators ETF
An institutional investor recently bought a new stake in Gabelli Growth Innovators ETF stock. Gabelli Funds LLC acquired a new stake in Gabelli Growth Innovators ETF (NYSEARCA:GGRW – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $353,000. Gabelli Funds LLC owned about 5.88% of Gabelli Growth Innovators ETF at the end of the most recent quarter.
About Gabelli Growth Innovators ETF
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.
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