Short Interest in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Expands By 1,652.8%

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 10,131 shares, a growth of 1,652.8% from the July 30th total of 578 shares. Based on an average daily trading volume, of 7,683 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.9% of the company’s shares are sold short.

Institutional Trading of Gabelli Financial Services Opportunities ETF

Several hedge funds have recently made changes to their positions in GABF. Gamco Investors INC. ET AL grew its holdings in shares of Gabelli Financial Services Opportunities ETF by 1,062.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 214,520 shares of the company’s stock valued at $9,911,000 after purchasing an additional 196,060 shares in the last quarter. Gabelli Funds LLC acquired a new stake in Gabelli Financial Services Opportunities ETF during the 4th quarter worth approximately $2,079,000. Carter Financial Group INC. boosted its position in Gabelli Financial Services Opportunities ETF by 5.8% in the 4th quarter. Carter Financial Group INC. now owns 64,553 shares of the company’s stock valued at $3,040,000 after buying an additional 3,521 shares during the period. Mirae Asset Securities USA Inc. purchased a new position in Gabelli Financial Services Opportunities ETF in the 1st quarter valued at approximately $236,000. Finally, Susquehanna International Group LLP boosted its position in Gabelli Financial Services Opportunities ETF by 22.1% in the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock valued at $535,000 after buying an additional 2,012 shares during the period.

Gabelli Financial Services Opportunities ETF Trading Up 0.5%

GABF stock opened at $46.92 on Wednesday. The company has a market capitalization of $51.61 million, a PE ratio of 19.92 and a beta of 1.05. Gabelli Financial Services Opportunities ETF has a 12-month low of $38.34 and a 12-month high of $49.81. The business’s fifty day moving average price is $45.46 and its 200 day moving average price is $44.09.

About Gabelli Financial Services Opportunities ETF

The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.