Short Interest in Guru Favorite Stocks ETF (NASDAQ:GFGF) Drops By 39.3%

Guru Favorite Stocks ETF (NASDAQ:GFGF) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 343 shares, a decline of 39.3% from the December 15th total of 565 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 374 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 374 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Guru Favorite Stocks ETF stock. Royal Bank of Canada increased its holdings in Guru Favorite Stocks ETF (NASDAQ:GFGF) by 96.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,750 shares of the company’s stock after buying an additional 6,269 shares during the period. Royal Bank of Canada owned 1.20% of Guru Favorite Stocks ETF worth $390,000 as of its most recent SEC filing.

Guru Favorite Stocks ETF Stock Up 0.3%

GFGF traded up $0.13 during trading hours on Friday, hitting $35.89. The stock had a trading volume of 20 shares, compared to its average volume of 1,493. Guru Favorite Stocks ETF has a 1 year low of $27.85 and a 1 year high of $36.15. The company’s fifty day simple moving average is $35.11 and its 200 day simple moving average is $34.08. The stock has a market cap of $38.04 million, a PE ratio of 31.06 and a beta of 1.06.

Guru Favorite Stocks ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were paid a $0.0752 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a dividend yield of 21.0%.

About Guru Favorite Stocks ETF

The Guru Favorite Stocks ETF Guru Favorite Stocks Fund (GFGF) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US-listed companies that are favored by prominent long-term investors. GFGF was launched on Dec 16, 2021 and is managed by Alpha Architect.