AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 5,201 shares, an increase of 212.4% from the July 30th total of 1,665 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 1,344 shares, the days-to-cover ratio is presently 3.9 days.
AdvisorShares Gerber Kawasaki ETF Stock Performance
NYSEARCA GK traded down $0.18 on Friday, hitting $28.90. 3,120 shares of the stock were exchanged, compared to its average volume of 1,338. AdvisorShares Gerber Kawasaki ETF has a 52-week low of $22.69 and a 52-week high of $30.20. The firm has a market capitalization of $31.50 million, a P/E ratio of 10.14 and a beta of 1.38. The stock has a fifty day moving average price of $28.93 and a two-hundred day moving average price of $27.39.
Institutional Trading of AdvisorShares Gerber Kawasaki ETF
An institutional investor recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 934,728 shares of the company’s stock after acquiring 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 at the end of the most recent quarter. 91.13% of the stock is owned by hedge funds and other institutional investors.
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.
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