AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,762 shares, a drop of 60.9% from the May 31st total of 7,069 shares. Based on an average daily volume of 2,009 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.3% of the shares of the company are sold short.
Hedge Funds Weigh In On AdvisorShares Gerber Kawasaki ETF
A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 920,489 shares of the company’s stock after acquiring an additional 13,539 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned about 86.03% of AdvisorShares Gerber Kawasaki ETF worth $24,111,000 as of its most recent SEC filing. Institutional investors and hedge funds own 91.13% of the company’s stock.
AdvisorShares Gerber Kawasaki ETF Stock Performance
Shares of NYSEARCA GK traded up $0.51 during midday trading on Tuesday, reaching $29.75. The company’s stock had a trading volume of 2,121 shares, compared to its average volume of 1,381. The company has a market cap of $31.83 million, a P/E ratio of 10.44 and a beta of 1.38. The business’s 50 day moving average price is $28.56 and its two-hundred day moving average price is $26.48. AdvisorShares Gerber Kawasaki ETF has a fifty-two week low of $22.69 and a fifty-two week high of $30.20.
AdvisorShares Gerber Kawasaki ETF Company Profile
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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