AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Sees Significant Increase in Short Interest

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 299 shares, an increase of 264.6% from the May 14th total of 82 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 986 shares, the short-interest ratio is presently 0.3 days.

AdvisorShares Insiders Advantage ETF Stock Performance

SURE traded up $2.64 during trading on Thursday, hitting $144.15. The stock had a trading volume of 501 shares, compared to its average volume of 268. The company has a market capitalization of $54.78 million, a PE ratio of 14.46 and a beta of 0.92. AdvisorShares Insiders Advantage ETF has a twelve month low of $113.00 and a twelve month high of $144.32. The stock has a 50 day simple moving average of $136.80 and a two-hundred day simple moving average of $132.38.

Institutional Investors Weigh In On AdvisorShares Insiders Advantage ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Busey Bank acquired a new stake in shares of AdvisorShares Insiders Advantage ETF during the fourth quarter worth $382,000. Osaic Holdings Inc. lifted its stake in shares of AdvisorShares Insiders Advantage ETF by 151.0% during the second quarter. Osaic Holdings Inc. now owns 4,761 shares of the company’s stock worth $560,000 after buying an additional 2,864 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of AdvisorShares Insiders Advantage ETF during the fourth quarter worth $265,000. Flow Traders U.S. LLC acquired a new stake in shares of AdvisorShares Insiders Advantage ETF during the third quarter worth $235,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of AdvisorShares Insiders Advantage ETF during the third quarter worth $200,000.

About AdvisorShares Insiders Advantage ETF

The AdvisorShares Insider Advantage ETF (SURE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of US stocks selected using a proprietary model that follows insider buying and stock buyback strategies. SURE was launched on Sep 1, 2022 and is managed by AdvisorShares.