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

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GKGet Free Report) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,117 shares, a drop of 45.6% from the January 15th total of 2,053 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,213 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 2,213 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of 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 AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GKFree Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 934,728 shares of the company’s stock after purchasing an additional 14,239 shares during the period. Gerber Kawasaki Wealth & Investment Management owned about 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 as of its most recent SEC filing. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

AdvisorShares Gerber Kawasaki ETF Stock Performance

Shares of AdvisorShares Gerber Kawasaki ETF stock traded down $0.04 during trading on Friday, hitting $25.04. The company’s stock had a trading volume of 1,687 shares, compared to its average volume of 1,570. AdvisorShares Gerber Kawasaki ETF has a 52 week low of $16.95 and a 52 week high of $26.83. The company has a market capitalization of $26.79 million, a PE ratio of 8.79 and a beta of 1.35. The company has a fifty day simple moving average of $25.87 and a two-hundred day simple moving average of $25.77.

AdvisorShares Gerber Kawasaki ETF Company Profile

(Get Free Report)

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.

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