AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE – Get Free Report) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 341 shares, a drop of 83.8% from the October 15th total of 2,100 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 704 shares, the days-to-cover ratio is currently 0.5 days.
AdvisorShares Insiders Advantage ETF Stock Performance
Shares of NYSEARCA:SURE traded down $1.25 on Thursday, hitting $156.23. The stock had a trading volume of 26 shares, compared to its average volume of 405. AdvisorShares Insiders Advantage ETF has a twelve month low of $119.19 and a twelve month high of $158.90. The firm’s 50 day moving average price is $150.33 and its 200-day moving average price is $142.27. The company has a market capitalization of $59.37 million, a price-to-earnings ratio of 19.09 and a beta of 0.91.
Hedge Funds Weigh In On AdvisorShares Insiders Advantage ETF
Several institutional investors have recently added to or reduced their stakes in SURE. PNC Financial Services Group Inc. acquired a new position in AdvisorShares Insiders Advantage ETF in the first quarter valued at about $37,000. PCG Wealth Advisors LLC acquired a new stake in shares of AdvisorShares Insiders Advantage ETF during the third quarter worth approximately $46,000. Finally, Waverly Advisors LLC raised its stake in shares of AdvisorShares Insiders Advantage ETF by 2.5% in the first quarter. Waverly Advisors LLC now owns 6,410 shares of the company’s stock valued at $815,000 after acquiring an additional 159 shares during the last quarter.
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.
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