AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Sees Significant Increase in Short Interest

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 775 shares, an increase of 159.2% from the May 31st total of 299 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 443 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SURE. PNC Financial Services Group Inc. bought a new position in shares of AdvisorShares Insiders Advantage ETF in the 1st quarter worth about $37,000. Flow Traders U.S. LLC bought a new stake in shares of AdvisorShares Insiders Advantage ETF in the 3rd quarter worth $235,000. Farther Finance Advisors LLC bought a new stake in shares of AdvisorShares Insiders Advantage ETF in the 4th quarter worth $265,000. Busey Bank purchased a new position in shares of AdvisorShares Insiders Advantage ETF in the fourth quarter worth $382,000. Finally, Susquehanna International Group LLP lifted its holdings in shares of AdvisorShares Insiders Advantage ETF by 59.7% during the third quarter. Susquehanna International Group LLP now owns 3,510 shares of the company’s stock valued at $434,000 after purchasing an additional 1,312 shares in the last quarter.

AdvisorShares Insiders Advantage ETF Stock Performance

SURE stock traded up $0.77 during trading on Tuesday, hitting $148.97. 1,197 shares of the company traded hands, compared to its average volume of 280. The firm has a market capitalization of $56.61 million, a PE ratio of 14.46 and a beta of 0.92. AdvisorShares Insiders Advantage ETF has a 1 year low of $113.00 and a 1 year high of $149.11. The company has a 50-day moving average of $140.20 and a 200-day moving average of $134.00.

About AdvisorShares Insiders Advantage ETF

The AdvisorShares Insider Advantage ETF (SURE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of US stocks selected using a proprietary model that follows insider buying and stock buyback strategies. SURE was launched on Sep 1, 2022 and is managed by AdvisorShares.