AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Sees Significant Increase in Short Interest

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 1,463 shares, a growth of 50.1% from the November 30th total of 975 shares. Based on an average daily volume of 1,801 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,801 shares, the short-interest ratio is presently 0.8 days.

AdvisorShares Gerber Kawasaki ETF Price Performance

Shares of AdvisorShares Gerber Kawasaki ETF stock traded down $0.18 during midday trading on Monday, hitting $25.82. 126 shares of the company were exchanged, compared to its average volume of 1,760. The firm has a 50 day simple moving average of $25.84 and a 200-day simple moving average of $25.25. The firm has a market cap of $27.63 million, a P/E ratio of 9.06 and a beta of 1.35. AdvisorShares Gerber Kawasaki ETF has a 52 week low of $16.95 and a 52 week high of $26.83.

Institutional Investors Weigh In On AdvisorShares Gerber Kawasaki ETF

A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management grew its holdings in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 906,950 shares of the company’s stock after purchasing an additional 11,955 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned about 84.76% of AdvisorShares Gerber Kawasaki ETF worth $21,655,000 as of its most recent filing with the SEC. 91.13% of the stock is owned by institutional investors and hedge funds.

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.