Short Interest in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Declines By 40.5%

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 945 shares, a decrease of 40.5% from the May 14th total of 1,589 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 6,869 shares, the days-to-cover ratio is currently 0.1 days.

Gabelli Financial Services Opportunities ETF Stock Performance

Gabelli Financial Services Opportunities ETF stock traded up $0.22 during trading hours on Monday, reaching $44.75. 5,181 shares of the stock were exchanged, compared to its average volume of 8,015. Gabelli Financial Services Opportunities ETF has a 52-week low of $38.34 and a 52-week high of $49.81. The stock has a market cap of $53.70 million, a P/E ratio of 19.92 and a beta of 1.06. The firm’s 50 day moving average is $43.84 and its 200 day moving average is $44.60.

Hedge Funds Weigh In On Gabelli Financial Services Opportunities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GABF. Mirae Asset Securities USA Inc. acquired a new position in shares of Gabelli Financial Services Opportunities ETF during the 1st quarter worth $236,000. Susquehanna International Group LLP grew its stake in shares of Gabelli Financial Services Opportunities ETF by 22.1% during the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock worth $535,000 after purchasing an additional 2,012 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Gabelli Financial Services Opportunities ETF during the 2nd quarter worth $1,032,000. Gabelli Funds LLC acquired a new position in shares of Gabelli Financial Services Opportunities ETF during the 4th quarter worth $2,079,000. Finally, Carter Financial Group INC. grew its stake in shares of Gabelli Financial Services Opportunities ETF by 0.5% during the 3rd quarter. Carter Financial Group INC. now owns 61,032 shares of the company’s stock worth $2,942,000 after purchasing an additional 303 shares during the period.

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.