AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 5,201 shares, a growth of 212.4% from the July 30th total of 1,665 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 1,344 shares, the days-to-cover ratio is currently 3.9 days.
AdvisorShares Gerber Kawasaki ETF Stock Up 0.9%
NYSEARCA:GK traded up $0.27 during mid-day trading on Thursday, hitting $29.01. 1,401 shares of the stock traded hands, compared to its average volume of 1,327. AdvisorShares Gerber Kawasaki ETF has a 52 week low of $22.69 and a 52 week high of $30.20. The stock has a market capitalization of $31.62 million, a price-to-earnings ratio of 10.18 and a beta of 1.38. The firm’s 50 day moving average is $28.96 and its two-hundred day moving average is $27.35.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management lifted its holdings in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 934,728 shares of the company’s stock after buying an additional 14,239 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned approximately 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 at the end of the most recent quarter. 91.13% of the stock is currently owned by institutional investors.
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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