Short Interest in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Increases By 1,652.8%

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 10,131 shares, an increase of 1,652.8% from the July 30th total of 578 shares. Based on an average daily volume of 7,683 shares, the short-interest ratio is currently 1.3 days. Approximately 0.9% of the company’s stock are short sold.

Gabelli Financial Services Opportunities ETF Stock Down 0.0%

Shares of GABF stock opened at $46.91 on Thursday. The firm has a market cap of $51.60 million, a price-to-earnings ratio of 19.92 and a beta of 1.05. Gabelli Financial Services Opportunities ETF has a 52-week low of $38.34 and a 52-week high of $49.81. The company’s 50 day moving average is $45.51 and its 200 day moving average is $44.11.

Institutional Trading of Gabelli Financial Services Opportunities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Securities USA Inc. bought a new position in shares of Gabelli Financial Services Opportunities ETF in the 1st quarter worth $236,000. Susquehanna International Group LLP lifted its stake in shares of Gabelli Financial Services Opportunities ETF by 22.1% during the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock worth $535,000 after purchasing an additional 2,012 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in Gabelli Financial Services Opportunities ETF during the second quarter valued at about $1,032,000. Gabelli Funds LLC bought a new stake in Gabelli Financial Services Opportunities ETF during the fourth quarter valued at about $2,079,000. Finally, Carter Financial Group INC. grew its stake in Gabelli Financial Services Opportunities ETF by 5.8% in the fourth quarter. Carter Financial Group INC. now owns 64,553 shares of the company’s stock valued at $3,040,000 after purchasing an additional 3,521 shares during the last quarter.

Gabelli Financial Services Opportunities ETF Company Profile

The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.