Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,615 shares, a drop of 49.5% from the September 30th total of 3,196 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,007 shares, the short-interest ratio is presently 0.8 days.
Hedge Funds Weigh In On Gabelli Financial Services Opportunities ETF
A hedge fund recently raised its position in Gabelli Financial Services Opportunities ETF stock. Gabelli Funds LLC grew its position in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF – Free Report) by 805.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 407,363 shares of the company’s stock after purchasing an additional 362,363 shares during the quarter. Gabelli Funds LLC owned approximately 33.95% of Gabelli Financial Services Opportunities ETF worth $16,954,000 at the end of the most recent reporting period.
Gabelli Financial Services Opportunities ETF Stock Up 2.6%
NYSEARCA GABF traded up $1.11 during trading hours on Monday, hitting $44.30. 1,825 shares of the company were exchanged, compared to its average volume of 5,862. The company has a 50 day moving average of $43.88 and a two-hundred day moving average of $44.20. Gabelli Financial Services Opportunities ETF has a 52-week low of $38.34 and a 52-week high of $48.25. The firm has a market cap of $53.17 million, a price-to-earnings ratio of 19.92 and a beta of 1.07.
Gabelli Financial Services Opportunities ETF Company Profile
The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.
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