AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Sees Large Increase in Short Interest

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 299 shares, an increase of 264.6% from the May 14th total of 82 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 986 shares, the days-to-cover ratio is currently 0.3 days.

AdvisorShares Insiders Advantage ETF Price Performance

Shares of SURE traded up $0.60 during mid-day trading on Friday, hitting $144.75. The stock had a trading volume of 13 shares, compared to its average volume of 265. The firm has a market cap of $55.01 million, a P/E ratio of 14.46 and a beta of 0.92. The business has a fifty day moving average price of $137.15 and a 200-day moving average price of $132.47. AdvisorShares Insiders Advantage ETF has a 52 week low of $113.00 and a 52 week high of $144.75.

Institutional Trading of AdvisorShares Insiders Advantage ETF

Several hedge funds have recently made changes to their positions in the company. 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 buying an additional 159 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of AdvisorShares Insiders Advantage ETF in the first quarter valued at $37,000. Jones Financial Companies Lllp raised its stake in shares of AdvisorShares Insiders Advantage ETF by 97.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,443 shares of the company’s stock valued at $180,000 after purchasing an additional 711 shares during the period. Susquehanna International Group LLP raised its stake in shares of AdvisorShares Insiders Advantage ETF by 59.7% during the 3rd quarter. Susquehanna International Group LLP now owns 3,510 shares of the company’s stock valued at $434,000 after purchasing an additional 1,312 shares during the period. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of AdvisorShares Insiders Advantage ETF during the 3rd quarter valued at $200,000.

AdvisorShares Insiders Advantage ETF Company Profile

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.