Short Interest in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Expands By 469.9%

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 13,934 shares, an increase of 469.9% from the December 31st total of 2,445 shares. Based on an average daily trading volume, of 32,809 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.3% of the shares of the company are short sold. Currently, 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 32,809 shares, the days-to-cover ratio is currently 0.4 days.

Gabelli Financial Services Opportunities ETF Stock Up 0.1%

Shares of NYSEARCA GABF traded up $0.04 during trading on Thursday, reaching $45.86. 8,156 shares of the company traded hands, compared to its average volume of 21,608. The firm has a 50 day simple moving average of $46.88 and a 200-day simple moving average of $47.49. Gabelli Financial Services Opportunities ETF has a 52-week low of $36.75 and a 52-week high of $49.81. The stock has a market capitalization of $50.45 million, a PE ratio of 19.92 and a beta of 1.14.

Gabelli Financial Services Opportunities ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 29th were issued a $0.9068 dividend. The ex-dividend date was Monday, December 29th. This represents a yield of 194.0%.

Institutional Investors Weigh In On Gabelli Financial Services Opportunities ETF

A number of hedge funds have recently added to or reduced their stakes in GABF. Susquehanna International Group LLP boosted its stake in shares of Gabelli Financial Services Opportunities ETF by 22.1% in the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock worth $535,000 after buying an additional 2,012 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in Gabelli Financial Services Opportunities ETF in the second quarter worth about $1,032,000. Carter Financial Group INC. bought a new stake in shares of Gabelli Financial Services Opportunities ETF during the 2nd quarter valued at about $2,882,000. Finally, Gamco Investors INC. ET AL increased its position in shares of Gabelli Financial Services Opportunities ETF by 0.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 227,870 shares of the company’s stock valued at $10,812,000 after purchasing an additional 585 shares during the last quarter.

About Gabelli Financial Services Opportunities ETF

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.