Short Interest in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Drops By 26.5%

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,401 shares, a decrease of 26.5% from the February 26th total of 1,906 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,123 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On AdvisorShares Gerber Kawasaki ETF

An institutional investor recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 934,728 shares of the company’s stock after purchasing 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 at the end of the most recent quarter. 91.13% of the stock is owned by hedge funds and other institutional investors.

AdvisorShares Gerber Kawasaki ETF Price Performance

NYSEARCA:GK traded down $0.37 during trading hours on Friday, hitting $23.03. 298 shares of the company were exchanged, compared to its average volume of 1,408. AdvisorShares Gerber Kawasaki ETF has a 52-week low of $16.95 and a 52-week high of $26.83. The company’s 50 day moving average price is $25.21 and its 200-day moving average price is $25.73. The stock has a market capitalization of $24.64 million, a price-to-earnings ratio of 8.08 and a beta of 1.35.

AdvisorShares Gerber Kawasaki ETF Company Profile

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.