AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the target of a significant growth in short interest in 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. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 1,344 shares, the days-to-cover ratio is presently 3.9 days.
AdvisorShares Gerber Kawasaki ETF Stock Performance
Shares of GK stock traded down $0.18 during trading on Friday, hitting $28.90. 3,120 shares of the company were exchanged, compared to its average volume of 1,338. The business’s 50-day simple moving average is $28.95 and its 200 day simple moving average is $27.38. AdvisorShares Gerber Kawasaki ETF has a twelve month low of $22.69 and a twelve month high of $30.20. The firm has a market capitalization of $31.50 million, a price-to-earnings ratio of 10.14 and a beta of 1.38.
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 AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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. 91.13% of the stock is owned by hedge funds and other 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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