AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,607 shares, a decline of 69.1% from the August 15th total of 5,201 shares. Based on an average daily volume of 1,161 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.1% of the company’s shares are short sold.
AdvisorShares Gerber Kawasaki ETF Price Performance
NYSEARCA GK traded up $0.34 on Friday, reaching $28.78. The company had a trading volume of 2,131 shares, compared to its average volume of 1,309. The firm has a market cap of $31.37 million, a price-to-earnings ratio of 10.10 and a beta of 1.38. AdvisorShares Gerber Kawasaki ETF has a fifty-two week low of $22.69 and a fifty-two week high of $30.20. The business has a 50 day moving average of $28.84 and a two-hundred day moving average of $27.63.
Institutional Investors Weigh In On AdvisorShares Gerber Kawasaki ETF
A hedge fund recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 934,728 shares of the company’s stock after acquiring 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 91.13% of the company’s stock.
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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