AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,194 shares, a decline of 45.1% from the September 15th total of 3,996 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 1,398 shares, the days-to-cover ratio is currently 1.6 days.
Institutional Trading of AdvisorShares Insiders Advantage ETF
A hedge fund recently bought a new stake in AdvisorShares Insiders Advantage ETF stock. PNC Financial Services Group Inc. purchased a new position in AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 294 shares of the company’s stock, valued at approximately $37,000. PNC Financial Services Group Inc. owned approximately 0.08% of AdvisorShares Insiders Advantage ETF as of its most recent filing with the Securities & Exchange Commission.
AdvisorShares Insiders Advantage ETF Trading Down 0.9%
Shares of NYSEARCA SURE traded down $1.35 during midday trading on Friday, reaching $150.86. 2,120 shares of the stock were exchanged, compared to its average volume of 400. The stock has a 50 day moving average price of $149.15 and a 200-day moving average price of $144.07. AdvisorShares Insiders Advantage ETF has a 52-week low of $119.19 and a 52-week high of $153.29. The company has a market capitalization of $57.33 million, a P/E ratio of 14.46 and a beta of 0.92.
AdvisorShares Insiders Advantage ETF Company Profile
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.
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