AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,456 shares, an increase of 161.6% from the April 30th total of 2,468 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 1,237 shares, the short-interest ratio is presently 5.2 days.
AdvisorShares Gerber Kawasaki ETF Trading Up 0.6%
Shares of NYSEARCA GK traded up $0.18 during midday trading on Friday, reaching $29.92. The company’s stock had a trading volume of 2,641 shares, compared to its average volume of 1,244. The company has a 50 day moving average price of $26.51 and a 200 day moving average price of $25.94. AdvisorShares Gerber Kawasaki ETF has a one year low of $21.86 and a one year high of $30.01. The company has a market cap of $32.01 million, a price-to-earnings ratio of 10.50 and a beta of 1.37.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management grew its holdings in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 920,489 shares of the company’s stock after acquiring an additional 13,539 shares during the period. Gerber Kawasaki Wealth & Investment Management owned 86.03% of AdvisorShares Gerber Kawasaki ETF worth $24,111,000 as of its most recent SEC filing. Institutional investors own 91.13% of the company’s stock.
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.
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