Short Interest in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Rises By 145.7%

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GKGet Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 6,786 shares, an increase of 145.7% from the June 15th total of 2,762 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 2,211 shares, the days-to-cover ratio is presently 3.1 days.

AdvisorShares Gerber Kawasaki ETF Stock Performance

Shares of NYSEARCA GK remained flat at $28.51 on Tuesday. 274 shares of the company’s stock were exchanged, compared to its average volume of 1,377. The company has a 50 day moving average of $29.05 and a 200 day moving average of $26.72. AdvisorShares Gerber Kawasaki ETF has a fifty-two week low of $22.69 and a fifty-two week high of $30.20. The stock has a market cap of $31.08 million, a P/E ratio of 10.00 and a beta of 1.38.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management raised its stake in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GKFree Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 about 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 owned by hedge funds and other institutional investors.

About AdvisorShares Gerber Kawasaki ETF

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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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