Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Sees Large Drop in Short Interest

Gabelli Growth Innovators ETF (NYSEARCA:GGRWGet Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 198 shares, a drop of 56.7% from the April 30th total of 457 shares. Based on an average trading volume of 427 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Gabelli Growth Innovators ETF Price Performance

NYSEARCA:GGRW remained flat at $37.76 during mid-day trading on Tuesday. 250 shares of the company were exchanged, compared to its average volume of 947. Gabelli Growth Innovators ETF has a 1-year low of $31.44 and a 1-year high of $37.81. The stock has a market capitalization of $7.55 million, a price-to-earnings ratio of 43.52 and a beta of 1.25. The business’s 50 day moving average is $35.33 and its two-hundred day moving average is $35.06.

Institutional Investors Weigh In On Gabelli Growth Innovators ETF

An institutional investor recently bought a new position in Gabelli Growth Innovators ETF stock. Gabelli Funds LLC bought a new position in shares of Gabelli Growth Innovators ETF (NYSEARCA:GGRWFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $353,000. Gabelli Funds LLC owned 5.88% of Gabelli Growth Innovators ETF at the end of the most recent reporting period.

Gabelli Growth Innovators ETF Company Profile

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The Gabelli Growth Innovators ETF (GGRW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks growth of capital and income by targeting US-listed companies with high future earnings potential relative to their current market value and considered to be innovative in their industry. The fund utilizes the Precidian non-transparent model. GGRW was launched on Feb 16, 2021 and is managed by Gabelli.

Further Reading

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